I’m incredibly sceptical about this being the sign of a permanent or at least medium term decline, though the thread this tweet is in makes a quite persuasive case. I think a huge amount of what happens next in travel/tourism etc depends on how reliable & effective the vaccine is https://twitter.com/bopinion/status/1294378091503026176

I think the longer this Covid pandemic draws out and the more dissatisfied we become with how our lives have changed due to it, the more we will be inclined to make up for lost time when we feel safe enough to do so. The question becomes does the capacity remain to allow that?

And that’s where I think the thread of articles from Bloomberg does make a strong case. If this continues to drag on & government efforts to string along the industries involved inadequately (as it appears many are), then the return of demand to travel won’t be enough on its own

The question of business, rather than leisure travel is something I’m less confident will return to the frequencies of the past. At the same time I find it hard to believe that the executive and upper management boys clubs will willingly give up the business junket entirely

I claim no expertise here, and will defer to the analysis provided by the author/s of the article the thread teases out. This thread was more me trying to untangle why, despite all the analysis I read from business/economics writers, I remain pretty confident tourism will return

But more importantly what am I missing when I see the anecdotal evidence of cruise bookings for eg not falling off the cliff you’d expect given the horrific circumstances that festered on them as Covid spread. Is it possible these things become less regular for regular folks?