THE RETURN OF AIRPLANE VRIGGI? ONLY FROM 2024
The air travel industry will be one of those to experience a crisis that could last for years. Business travel, the backbone of air travel demand, as Gates explains above, will be cut in half for at least a few years. The US Travel Association (USTA) predicts that travel expenses will decline by more than $ 500 billion in 2020 and may not return to pre-covid levels until 2024.
The drastic drop in travel expenses reflects the slump in business travel. The trade association said the travel industry lost 40%, or 3.5 million jobs, and warned that more than a million jobs could be lost if no further aid is seen. government bonds x by the end of the year.
The pessimistic forecast comes as vaccine stocks have generated Wall Street interest and movement for an impending economic recovery. However, as we pointed out above, regardless of the vaccines marketed and distributed, structural changes are underway that will forever reshape the way the economy works. In fact, the obligatory stop in travel, especially business, has forced the activation of technological solutions that has, in large part, made us understand how a large part of these meetings is useless and can be replaced with remote solutions. It is also unthinkable that the crisis will disappear, as in a miraculous way, when the vaccine arrives: there will still be a long period of convalescence for the economy, exactly as there will be for the health issue and, above all for the trust in the PA
For example, Microsoft co-founder Bill Gates warned at the New York Times Dealbook conference Tuesday that the virus pandemic will fundamentally change business travel and the office experience forever. Gates said, "My prediction would be that over 50% of business travel and over 30% of office days will go away." He added: "We will go to the office a little less, we will do business trips, but definitely less". With this in mind, the arrival of vaccines will not be a panacea for travel., It will be necessary to return such income to families to allow a strong growth in tourism travel, but this transformation will take a long, long time.
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The article THE RETURN OF AIRPLANE VRIGGI? ONLY SINCE 2024 comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-ritorno-dei-vriggi-aerei-solo-dal-2024/ on Fri, 20 Nov 2020 12:25:22 +0000.