The global hotel market reached a retail value of over $600 billion in 2018, an approximately 5.3% growth rate from 2017 ($570 billion).
In the early 20th century, following the principles of "Taylorism", office spaces were designed and created to maximize industrial efficiency.
Restaurants are operational once again, however, they are not running at the same capacity as before, the downtime coupled with the threat of a new wave of infections, creates a persistent fear of losing the recovery made in the past few weeks.
Real Estate industry often quips about how the deposit insurance product is outdated and requires a fresh perspective.
Payment processing in residential and vacation rental Though Wirecard did not have any deeper ties within the PropTech space, they were exploring collaboration possibilities with Indian hospitality behemoth OYO rooms.
Over the last few weeks, there has been a significant chatter online about a large number of Silicon Valley workers choosing to move out of San Francisco and shifting to other cities.
Property Valuation The desire to be the owner of a property is universal. Despite macro-economic changes, such as the one we are currently facing, Real estate is known to bounce back and revive itself with ferocity. Post the 2009 crisis when the market was at its lowest, within a few quarters the property prices were back to where they had been before and they continue rising till date.
Cash flow in rental real estate Given that it is extremely difficult to capture the payment flow within the real estate space, Startups have relied on taking a convoluted route towards getting into the payment flow between tenants and landlords.