Anyone who thinks that downtown retailing is having a hard time during the Covid-19 era needs to visit any airport in the U.S. Retail and restaurant concessionaires there are on their knees thanks to forced closures and travel bans.

Losses that started mounting from March are expected to balloon to $3.4 billion by the end of 2021 if no mitigating action is taken according to a newly-published forecast from the Airport Restaurant and Retail Association (ARRA).

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Source: Forbes
Date of Article: July 20, 2020

USA. Airport retailers and restaurateurs in the US will lose a combined US$3.4 billion between now and the end of 2021 due to the impact of the COVID-19 crisis. That’s the latest estimate of the Airport Restaurant & Retail Association (ARRA) in a new paper that underlines the need for urgent relief from government and airport partners.
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Titled ‘The Survival and Revival of Airport Shopping and Dining’, it builds on the powerful ten-point paper issued in June that underlined the effects of the pandemic on airport concessionaires. It asks questions about the future viability of many concessionaires when traffic levels will remain depressed for three to four years, and about the airport economic model (see points below).

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Source: The Moodie Davitt Report
Date of Article: July 16th 2020

DENVER -- On a recent Monday, a simple sign greeted would-be customers at the shuttered Cantina restaurant in Denver Airport's eerily empty main terminal.

"In order to keep our employees and guests safe, we have temporarily suspended operations at this location," it read in part. "We encourage you to enjoy and support any of the great offerings throughout the concourse."

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Source: Travel Weekly
Date of Article: May 3, 2020