Deep Dive 15 minutes PremiumHow Travel Will Bounce Back and What This Means for US Retail Coresight Research April 20, 2021 What's InsideThe travel industry and associated retail in the US were hit hard by the Covid-19 pandemic, as consumers stayed home at record rates in 2020 and continue to be wary of visiting public places such as tourist attractions. However, in the second half of 2021, we expect travel to pick up substantially, beginning with regional domestic travel by car and eventually spreading to international air travel. In this report, we discuss the potential bounceback of travel and its implications for US retail. Click here for more Coresight Research coverage of the impact of the pandemic on retail. Contents What’s the Story? Why It Matters How Travel Will Bounce Back and What This Means for Retail: A Deep Dive Herd Immunity Will Open the Floodgates for Travel Spending Consumers Will Begin To Travel Even Before Herd Immunity Resurgence in Travel Will Vary by Geography International Travelers Will Return More Slowly Retailers Catering to Leisure Travelers Can Expect a Resurgence Retailers Targeting Business Travelers Will Continue To Struggle The Travel Rebound Will Put More Money in the Pockets of Low-Income Consumers What We Think Implications for Brands/Retailers This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: CES 2023 Wrap-Up: Lots of Gadgets but Less SizzleFebruary 2023 Monthly Consumer Update: US, UK and ChinaFive Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping ExperienceMarch 2023 Leading Indicators of US Retail Sales: Mid-Single-Digit Growth Amid Growing Consumer Sentiment
