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Travel is light years away from pre-pandemic levels, but it is slowly creeping back. Here's the latest:
1. Planes
Tom Hanks finally has some company—U.S. airports are the busiest they've been in five months.
Yesterday,
TSA said it screened nearly 832,000 people at airport checkpoints on
Sunday, the first time screenings have topped 800k since March 17. Air
passenger levels remain around 70% lower than a year ago, however.
- Airline execs have
become full-time C-SPAN viewers. If Congress ever passes another
COVID-19 relief bill, it could include more bailout funds for the
industry.
Trend watching: TSA said it's finding guns in passenger carry-ons at 3x the pace it was at this time last year. And 80% of those guns were loaded.
2. Hotels
"We see folks are increasingly willing to step out and travel," Marriott CEO Arne Sorenson said during his company's Q2 earnings report, aka "the worst quarter we have ever seen by far."
But by
definition "worst" means "can only get better." 91% of Marriott's global
properties are now open, with Greater China leading the charge.
Sorenson said that region's success is an example of what can happen if
places successfully control the spread of the virus.
Trend watching: In terms of pace of recovery, leisure travel > corporate travel, Sorenson said.
3. Cruises
They say be your own best advocate, and Royal Caribbean execs are a shining example. CEO Richard Fain said the company was "humbled and surprised"
with 2021 bookings despite "literally no marketing efforts." He said
people were frustrated with staying at home and desperately wanted a
vacation.
- The entire cruise
industry has effectively been shut down since the pandemic gained steam
in March. Royal Caribbean was forced to cancel more than 1,500 sailings and booked a $1.3 billion loss last quarter.
Trend watching: Expect
Royal Caribbean cruises to begin in Australia and China first,
potentially before November. It all depends on the trajectory of the
virus.
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I AM A REPUBLICAN BORN AND BRED
IN AMERICA .I BELIEVE IN EQUALITY AND JUSTICE AND THE CONSTITUTION OF THE UNITED STATES.I SERVED IN THE UNITED STATES AIR FORCE
MAJORED IN GEOLOGY AND MUSIC AND WENT TO ANGELO STATE IN SAN ANGELO, TEXAS
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