SM Supermalls sees full recovery by 2023

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By: BusinessWorld

SM SUPERMALLS is projecting the full recovery of its shopping mall chain from the economic effects of the coronavirus disease 2019 (COVID-19) pandemic by 2023, according to its president.

SM Supermalls President Steven T. Tan said 2022 will be focused on recovery, with the mall chain recording a double-digit increase for the first two months of the year.

“Should I say that we are already back at pre-pandemic level? I don’t think so. This (2022) will be the year of recovery. Little by little, but we are not far from where we were in 2019. We’re expecting this most probably to recover fully by 2023,” Mr. Tan said in a recent interview on One News.

 

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