How Travel Will Bounce Back and What This Means for US Retail

What's Inside

The 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