Just How Hot is the Travel Market?
The travel market has suffered more than almost any other during the pandemic, and the recovery is also going to take longer. Based on research reports from Deloitte, The U.S. Travel Association and Statista, it’s clear that this pattern holds true across all pieces of the travel pie, including hotels (the biggest slice), vacation rentals, camping, holiday packages and cruises.
The pent-up demand for travel has been so great that the Hotels segment started recovering as soon as vaccines were available. Travelers still tend to be younger (because of hesitancy among older people) and more affluent (possibly because of greater