Bloomberg: Bruce Spear on Pent Up Travel Demand
Dec 31, 2020
The vaccine rollout is getting consumers excited to travel again. An Oliver Wyman survey of more than 4,600 people from nine countries including the U.S., U.K., Canada and China found that 63% of people said they’ll travel the same or more for leisure once the pandemic is over.
“There’s pent-up demand and an understanding of the risks related to travel,” said Bruce Spear, a partner at Oliver Wyman. “Obviously you’re not going to see it yet in plane passengers or in airport TSA numbers,” he said. He sees customers taking advantage of sales, deals and relaxation of restrictions on things like change fees.
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