The evidence continues to accumulate that once populations are vaccinated they rush back into travel. A lot of fun is being had in US travel spending right now:
Mobility is through the roof:
Travel checkpoints are approaching the bottom of pre-COVID ranges:
Likewise, hotel occupancy:
It is my view that not only will travel rebound very fast as humans are unleashed, but there will also be massive pent-up demand for travel everywhere for several years.
This is potentially an outrageous rebound once it gains traction. Even in the Morrison Government Nanny State when it finally gets its vaccine act together.
And yes, we hold a stack of travel stocks here and abroad in the MB Fund.