Economy

October 15, 2021

“The Vacation Spike”

Airlines, cruise lines, hotel chains, and travel companies are bracing for a vacation rush after a wild last 19 months. 😊

In a new interview on Axios, Airbnb CEO Brian Chesky said he foresees a travel spike as workers rush to use their PTO by the end of the year. An internal poll conducted by the company shows that “half of people are in danger of losing PTO by year’s end.” 

Chesky isn’t the only CEO predicting a travel boost. Several weeks ago, Chesky appeared at Skift Travel Forum to discuss a “new golden age of travel.” Many travel leaders shared his sentiment, with some pointing out that work-from-home might encourage more “bleisure” travel (that’s business and leisure.) ✈ïļ ðŸŒī

Travel throughput at airports has been gradually rising over the last few months, despite sitting well below 2019 throughput. Carnival Cruise Lines’ CEO said that bookings for early next year were besting 2019 levels. And Hilton CEO Christopher Nassetta shared his belief that “travel demand would eclipse 2019 levels in a matter of three years.”

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At this rate, it’s hard to know how the travel recovery will manifest. With that being said, upbeat tones throughout the travel industry are bullish indicators for the future. 📈 💚

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