Interesting article on a survey around the prospects of a travel boom in 2021. Some highlights:
- Only 14% of Americans have booked out of state travel so far for 2021
- 50% of those surveyed said they plan to travel out of state within 6 months of vaccination
- 61% said they would not feel comfortable traveling without the shot
- Almost 2/3 of families earning $100K+ Plan to travel compared to only 37% making under $50K
- 68% of those surveyed say they would eat out more after vaccination
For Disney that 2/3 number is huge if it holds true since that is a big demographic for them. It also skews by age with younger, lower income workers tending to me more impacted by layoffs and have less money saved. Either way, it seems Disney is heavily dependent on an efficient vaccine rollout program to jump start the parks. The longer that gets delayed the less of a summer they have.
A new poll from Yahoo Finance and The Harris Poll found headwinds to a post-pandemic travel boom.
www.yahoo.com