When the coronavirus pandemic hit in early 2020, the travel industry was among the hardest hit. Suddenly, drastic travel restrictions meant that demand for commercial air travel, cruises, hotels, and more disappeared virtually overnight.
Original estimates predicted that it would take years for travel demand to rebound to pre-pandemic levels. In fact, in the first months of the pandemic, the most ambitious estimates indicated that demand would start in 2023. Others projected it might take an additional year or two on top of that.
