Dear MEL Topic Readers,
Can North America's downtowns reverse their downturns?
While the Covid pandemic hasn’t ended yet, its side effects and aftershocks have already been seen in downtowns in North America. Many businesses that used to or still have downtown office space found that they no longer need that much space as more employees can or choose to work from home. In fact, Toronto, Canada’s largest town, saw passenger numbers on the city's public transport system are still only 60% of pre-Covid levels. Also, as more people now choose to work from home instead of living or commuting downtown, the hospitality industry is struggling to find workers to serve customers, especially in restaurants and bars even though visitors are coming back. Some restaurants have no choice but to operate in a smaller capacity because of the workforce shortage. Is this part of the changes happening in the downtown business paradigm?
Enjoy reading the article and learning about the changes occurring in downtowns.
https://www.bbc.com/news/business-62390097
Can North America's downtowns reverse their downturns?
While the Covid pandemic hasn’t ended yet, its side effects and aftershocks have already been seen in downtowns in North America. Many businesses that used to or still have downtown office space found that they no longer need that much space as more employees can or choose to work from home. In fact, Toronto, Canada’s largest town, saw passenger numbers on the city's public transport system are still only 60% of pre-Covid levels. Also, as more people now choose to work from home instead of living or commuting downtown, the hospitality industry is struggling to find workers to serve customers, especially in restaurants and bars even though visitors are coming back. Some restaurants have no choice but to operate in a smaller capacity because of the workforce shortage. Is this part of the changes happening in the downtown business paradigm?
Enjoy reading the article and learning about the changes occurring in downtowns.
https://www.bbc.com/news/business-62390097
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