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The future of travel in the wake of the Covid-19 pandemic will be characterised by higher air fares, cheaper hotel rooms and fewer but longer trips, according to industry expert Sadiq Gillani.
Speaking to the Business Extra podcast’s Mustafa Alrawi and Kelsey Warner, Mr Gillani, a lecturer at Stanford Graduate School of Business, outlined what we are likely to experience when travelling as the recovery picks up pace.
There will be an imbalance of capacity, for example, when comparing airline seats with hotel rooms and cruise cabins. This is because most carriers have partially grounded their fleet but few hotels have shut down permanently, he said. Even as demand comes back at the end of this year and into next year, it will take a long time for airlines to build back up to where they were before the pandemic, in terms of capacity.
In this episode:
The future of travel (0m 36s)
The trends showing the future of travel (1m 58s)
Emerging new archetypes (9m 31s)
Revenge travel (16m 10s)
The winners out of the crisis (22m 30s)
Read more on our website:
• Can summer travel revive aviation's fortunes?
• Airline CEOs likely to face cash flow challenges amid signs of travel recovery, Iata boss says
• Dubai Airports chief projects return to pre-Covid passenger volumes by 2024
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