COVID’s impact on restaurants, hotels and leisure
PitchBook’s latest US Middle Market Report was released this week. Middle-market trends were in line with broader PE trends, with Q1 notching the second-highest totals ever seen, behind the record-breaking fourth quarter. We’ll re-visit other themes in the report next week.
One of the spotlights this quarter was the battered leisure industry, which we bucket with restaurants and hotels in our methodology. COVID’s impact was obvious for all three, as the numbers show.
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