Covid-19 will hit convention industry (&hotels) IMHO…
Moreover, hotels, airlines, and convention centers sell a perishable product: time; when customers of these companies cancel, it’s an irrevocable loss of revenue. This is a different from most industries, where a temporary loss of demand can be made up later, at least in part.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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