新冠疫情对行业的短期冲击不改变长期趋势。由于当前与2003 年SARS 期间经济与行业所处的周期位置和政策背景差异较大，新冠疫情对行业的短期冲击大概率大于2003 年，但短期冲击不改长期趋势，房地产需求可能延后但不会消失。疫情冲击使我国经济和地产行业稳态局面被打破，对此后续政策的弹性有望扩大。

此次疫情中居家隔离成为防控重要措施，物业公司成为基层疫情防治工作的执行者、隔离状态中民生问题的解决者和防疫工作的科普者宣传者。期间，物业公司额外承担的工作主要包括内部员工管理、公共区域防控消杀、小区出入管理、疫情防控宣传等几大类。部分物业公司还进一步承担起了业主蔬菜等食材采买配送的民生保障工作。

新冠疫情突如其来，房企延长假期、推迟复工，暂停线下售楼，销售、新开工、施工、竣工等受到全方位影响。2003 年SARS 参考经验对判断情绪面变化有参考意义，但从整个房地产行业发展角度来考量，由于宏观经济背景变化较大（城镇化率、老龄化水平、居民杠杆率、政策支持力度等），SARS 经验对判断“新冠”后房地产趋势的参考意义有限。

市场表现：本周申万房地产板块收于3726.07 点，本周累计下跌7.07%，同期上证综指累计下跌3.38%，深证成指累计下跌0.66%，沪深300 累计下跌2.60%；横向对比，受疫情影响，板块表现位于下游。

The market for lodging, in general, is growing and shaping up very differently than the traditional form of hotels. Until recently, the alternate lodging forms were looked down upon. However, the popularity of alternate lodging options grew as owners and other stakeholders maintained high service levels. The innovative forms of lodging sprung up across all regions with the advent of e-booking. The market for sleeping pods and cabins faces stiff competition from traditional hotels, serviced apartments, and home rental companies. However, the varied functionalities of pods and cabins have ensured that the market remains attractive to a larger segment of travelers. Since the pods and cabins can also be used as napping facilities where one can relax before carrying on with his/her work, this unique service has garnered many customers. Unlike hostels, traditional hotels, and serviced apartments, these pods and cabins can be availed for less than an hour to 24 hours. This service flexibility has been a major attraction for customers. The change in attitude with respect to taking naps in the afternoon or relaxing when the employee is tired is also expected to aid the market growth, albeit at a slower pace, as there exist many alternative options for large corporations.