Do you miss grabbing a bite to eat at your favourite restaurant? Are you eager to go and see a football match or a film ― or, perish the thought, hop on the next flight to the Caribbean?
You’re not alone. Consider this: Back in October, 150 restless passengers boarded a flight to nowhere — a seven-hour round-trip originating and ending in Sydney, Australia— just to experience air travel again. Late last autumn some cruise lines in Europe and Asia scheduled similar short trips to nowhere, just to get out on the water.
“I think the quick introduction of vaccines is a major game changer, even with all the growing pains we are seeing in terms of distribution,” says equity portfolio manager Lisa Thompson. “A travel recovery is coming, and I think it can happen relatively quickly. Everybody is eager to go on a holiday or to just get out and do stuff. The question is whether the recovery has legs. I think we will have to see how the vaccine rollout evolves, among other things.”
Ready, willing — and able — to spend
Indeed, cabin fever appears to have taken hold of consumers everywhere. There are signs that people are prepared to act: savings rates in the U.S. have soared since the start of the pandemic, and though they have slowed a bit in recent months remain relatively high.