The travel industry has been one of the hardest-hit groups as a result of the coronavirus pandemic. Investors have been jumping in and out of travel-related stocks as the prospects improve or plummet based on infection growth or vaccination rates. We’ll take a deeper look at where the travel industry is and how long it may take before stocks tied to this sector claw back to their 2019 levels.
Key Takeaways
- The travel industry saw a total decline of 42% in 2020.
- Although a bounce back can be reasonably expected as the pandemic is brought under control, there is considerable uncertainty as to when that will be.
- The U.S. Travel Association forecasts that business and leisure travel will take years to return to pre-COVID levels.