The REIT M&A market also jumped back into action in recent weeks with three large deals that will reshape the market.

Room-nights were down about 43% in April compared with 2019 levels, he said, which was an improvement from March. The rebound was being led by domestic travel.

Google’s mobility data shows a sharp increase in travel to work in Tel Aviv during April, with numbers now close to their pre-pandemic baseline.

Mark Winmill says the pandemic has shown the resilience of the self-storage sector.