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:
Base effects to the moon!
Mobility is through the roof:
I am free!
Travel checkpoints are approaching the bottom of pre-COVID ranges:
Blast off for travel
Likewise, hotel occupancy:
Book me the Presidential Suite
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.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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Americans were travelling last summer, free to travel to Mexico, South America (where life is more or less normal for most).
They just aren’t scared like Aussies are.
They’d be travelling this summer, going out vaccine or no vaccine.
They’re literally dying to go on holiday!
Even in Australia! So, you think around 2H 2024?
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I’ve been making the most of my vaccinated status before the hordes. Park City, Breckenridge, Seattle so far this year. New York City and Mexico City in May. I just found return business class tickets to Lima for $1000 in June. Florida for a birthday in August (not my choice). Santa Fe in December. I’ll add Europe if they remove restrictions. Maybe no Oz this year due to quarantine.
We’re under our beds scurred
But won’t you spontaneously combust because of the Cororo ?!
Yeah. Lock. Us. Down! now
We are yet to see a country where vaccine eradicated Covid.
Apparently it reduces severity and fatality but does not cause full immunity – and if this is correct it is technically not a vax.
Travel under false sense of security may be worst to happen. Maybe not.
The virus is here forever. Do we hide until the end of time?
Yeah. Lock. Us. Down! now
We don’t need full immunity. I don’t care if I get a cold. I don’t want to get gravely ill or die. The evidence that vaccinations prevent severe illness is incredibly good. The disease has a 99.3% survival rate to begin with, and that includes the very old and sick. After a vaccination the probability that a healthy person under 75 will die is incredibly low. Good enough for me, and I’m taking full advantage of the cheap airfares and hotels becoming available all over the world.