Eight airline and hotel industry veterans make their predictions about what will change about safety and pricing and whether business travelers will ever return to the road
When will we be traveling again in large numbers? And what will travel be like in the future?
The first question depends on a medical solution to the coronavirus pandemic. The second is best answered with experience.
I asked eight travel pioneers for predictions on what the future of travel will be—current and former chairmen and chief executives of travel companies and a former secretary of transportation. All have experience from past crises and recoveries.
Most foresee a lasting decline in business travel, but think leisure travel will bounce back robustly. That means airlines and hotels will have to change their business plans, being unable to rely as much on rich revenue from corporate travelers. Expect higher ticket prices and room rates for vacationers to cover the costs with fewer high-dollar customers to subsidize bargain-seekers.
Excerpt from WSJ
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