All the ways Covid-19 could change travel for years to come
, the International Air Transport Association (IATA) published its “Economic Performance of the Airline Industry” report. It contained a 2020 forecast of 4.1 percent growth in global air traffic demand and net post-tax profits for North American airlines of US$16.5 billion.
Travel industry consulting firms predicted the continuing pattern of travel growth across all of the major components of travel including hotels, cruises and surface travel as well as air. The forecast for travel was sunny, with few clouds on the horizon.
Fast forward to the summer of 2020, and the IATA is forecasting the worst financial performance in the history of commercial aviation, predicting a global loss of US$84 billion. And the aerospace industry supporting airlines with equipment parts and services pronounced that 2020 is the gravest crisis the industry has ever known.
Let’s review the lessons being learned by the travel industry during the Covid-19 pandemic and how travel might be different as the world deals with the aftermath.
Travel has evolved significantly in the past six months since the spread of the Covid-19 pandemic. There will likely be a number of current initiatives in passenger and facility hygiene and sanitation that will stay in place post-pandemic.
The woes of cruise ship operators, in the meantime, will continue as travelers continue to remain wary of travel in confined spaces.
Public health officials have identified three societal practices that are key to controlling the spread of Covid-19, each of which have an impact on the allure of travel — social distancing ...
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