Travel has been one of the most impacted industries during the global coronavirus pandemic. With major financial losses sweeping the entire travel and tourism sector, it’s not surprising that many will not return to pre-virus levels until at least 2022. Even when travel sentiment beings to show improvement, the ever changing global situation has made any solid predictions impossible and any trend mapping quite volatile.
eMarketer sites a few trends that could be here for the long haul − staycations and localized travel (domestic trips vs. international) − at least through the end of 2020. Unsurprisingly, cruises may also see extensive and longer lasting losses than other types of travel. 2021 travel-interest increases may be due to the anticipation of a COVID-19 vaccination in 2021, which could increase consumer confidence in lowering their risk of contracting the virus during travel.