How COVID-19 Will Affect the US Travel Industry in H2 and Beyond
Few industries have been hit as hard by the coronavirus as travel. Recovery will be slow, with many sectors not returning to pre-pandemic levels until at least 2022. Some pandemic-related trends, like increased local “staycations,” may persist.
Given the rapidly changing nature of the situation, it’s hard to predict what’s in store for the travel industry in H2 and beyond. Current research shows that consumer sentiment toward travelling will continue to improve throughout the year, but that’s subject to change depending on a variety of factors, including a potential second wave of the virus in the fall that could make people more cautious to travel again.