The current travel boom has a lot to do with the standstill during the corona pandemic. That’s what Expedia boss Peter Kern believes.
According to industry giant Expedia, travel will remain expensive for the time being given the high demand. So he does not think that prices for hotel stays will drop in the near future, said Expedia boss Peter Kern on the US broadcaster CNBC.
Fluctuations in air travel are possible depending on demand and supply – but overall, the pending return of tourists from China will drive prices up. “That’s going to be the next big wave. And they’re going to go everywhere like they used to.”
Overall, the Expedia boss expects that travel will be of great importance to the Corona generation in the long run. Kern compared it to how people who survived economic crises saved every penny afterwards. So people have now experienced what it feels like to not be able to travel anymore – “and that will be something for our generation that we will all be able to remember.”
Source: Stern
