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Business Roundtable


Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, & More

BRT Podcast Home Page: https://brt-show.libsyn.com/

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Apr 28, 2020

How the Pandemic Economy Has Hit The Hospitality Business in Phoenix

w/ Brandon Brown of the Phoenix Business Journal 

- BRT S01 EP12 4-26-2020

Restaurant and Hotel industry in Phx during the Pandemic

 

Guests: Brandon Brown w/ Phoenix Business Journal

https://www.bizjournals.com/phoenix/bio/24441/Brandon+Brown

www.bizjournals.com/phoenix

 

 

Notes:

Restaurants 

How restaurants are transitioning to takeout business model

Are restaurants that cannot adjust just closing for the spring 

Ex – high end restaurant

General mood of restaurant owners – belief things will improve in fall?

 

Future Projects / Hotel Industry

Future of restaurant projects – what has been put on hold or cancelled

Hotels – what hotels remain open, what capacity

Future of Hotel projects – any cancelled

 

 

Guest: Steven Hensley

w/ Belfiore Real Estate Consulting on Phx Real Estate

https://belfioreconsulting.com/

 

Notes:

Phoenix Real Estate Industry

How is the industry reacting to this crisis, is business just on hold

Current projects – on hold, proceeding

Do realtors continue to prospect for future deals

General mood of realtors – belief things will improve in fall?

 

Future Projects / Commercial Real Estate

Office Vacancy rates, and business not paying rent (could move to Seg 1) *

Future of projects – what has been put on hold or cancelled

Investment – what capacity is slowed down, or are projects years in making so will proceed

How the crisis will affect how companies do business – more virtual short term office space

 

 

MB on Covid 19 Health Crisis of 2020 vs the 2008 Financial Crisis

Notes:

Economy – all data shows worse since early 2009

Stimulus of $2 tril and counting, maybe $400 bil more

26 million unemployment, headed for 15%

Compare to 2008 recession

3% GDP decline, 10-20% overall decline in business in 2020

business down over 50% in some industries

Manufacturing and service down almost 50%

Car – can they recover, will Gov’t bailout? 2009 needed $82 bil loan, is BK likely?

Travel off 85%, Hotel down at least 70-80%

https://www.ahla.com/covid-19s-impact-hotel-industry

Oil down 50%

Retail – co’s going to online mkt have hope, online up 50%, online was already threatening retail

1 in 4 jobs retail related

15k stores could close, 600k workers already furloughed, and major retailers like JC Pennys, Nordstrom, Gap, Macys, Kohl’s in trouble – expect BK and rent abatement

others will go under – up to 50% of retail could fail, bk as bailout prob will not happen

Macerich – mall operator in trouble with stores closed 

NBC News – retail has been on life support 4/7/2020

https://www.nbcnews.com/business/consumer/retail-has-been-life-support-coronavirus-could-pull-plug-n1178356

 

 

Real Estate Topic: https://brt-show.libsyn.com/category/Real+Estate

https://brt-show.libsyn.com/size/5/?search=best+of+real+estate

 

Business Topic:

https://brt-show.libsyn.com/category/Business-Consulting-Bus+Lessons-Management-General

 

 

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Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.