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Washington, D.C.: A 2020 Virtual Advisory Services Panel
Across the U.S., hospitality, convention and visitor sectors have been severely impacted by COVID-19. Washington, D.C. has seen a decline in visitation, hotel occupancy, and overall tax revenues. Retail and entertainment businesses have suffered similar retrenchment in the economic downturn. The panel was asked to consider specific issues and impacts of COVID-19 and make recommendations to optimize the mix and use of space in key employment centers aimed at minimizing vacancy, catalyzing vibrancy, bolstering tax base, and creating new opportunities for underserved entrepreneurs.
Video Summary: Across the U.S., hospitality, convention and visitor sectors have been severely impacted by COVID-19. Washington, D.C. has seen a decline in visitation, hotel occupancy, and overall tax revenues. Retail and entertainment businesses have suffered similar retrenchment in the economic downturn. The panel was asked to consider specific issues and impacts of COVID-19 and make recommendations to optimize the mix and use of space in key employment centers aimed at minimizing vacancy, catalyzing vibrancy, bolstering tax base, and creating new opportunities for underserved entrepreneurs.
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