Pandemic lockdowns pull the plug on relocations, but firms see pent-up demand
Despite record dive in business, companies say unlike food and travel, relocation demand accumulates
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RELOCATION businesses, which count the movement of people as their lifeblood, have seen a record slide in business in the first half of 2020, but some say they are seeing signs of recovery as countries ease lockdowns and reopen.
Several companies told The Business Times that the business began to slow to a trickle in March, when Covid-19 was officially declared a pandemic by the World Health Organization, and countries began to impose travel restrictions.
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