No Recovery In International Flights Or Domestic Hotels For Years To Come

We missed it very badly at first, but less so now. 

Attitudes Change

What about all the people who traveled to work and ate lunch out everyday but now stay at home? What about Zoom meetings instead of meeting in person? 

Some people traveled twice or three times a year, but they have gone nowhere for a full year now. 

Is there pent up demand? How much? Some will decide, "hey, I am happy now just to stay home or travel to closer destinations."

What about all the millennials who stretched to buy a home and need to spend less elsewhere?

Boomers, like everyone else, are getting older. At some point, for health reasons not necessarily related to COVID-19, activity slows.  

There are lots of reasons to believe the new surveys. 

Good News?

If the surveys are accurate, airplane tickets and lodging will remain cheaper even in peak season. 

There may not be someone sitting next to you in the plane when you travel, and the ability to easily reschedule tickets at no cost will be here for at least a while.

This is good news -- not for the industry, but for people willing to travel. 

Competing Forces

The more people attempting to take advantage of the good news and cheaper prices at a personal level, the faster prices and demand will recover for the travel industry.

Are You Traveling Less and If So Do You Miss It?

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.