Is travel a post-Covid right or privilege? The Skift team discusses – Skift | Instant News



We spend a lot of time at Skift these days ruminating on the form and scope of travel recovery, sometimes using our own exclusive research, but more often than not, we share stories from our personal lives. These exchanges often come to life on our internal communication platform Basecamp. As a fully distributed business now, Basecamp is our virtual water cooler. The mention of a single data point on savings rates during the pandemic on Wednesday sparked some truly stimulating trade that we deemed too good not to be shared. At its core, it’s the idea of ​​travel as a right versus a privilege, in fact – a notion our founder Rafat Ali lobbied the industry on as early as 2019, but with very few responses. . Think about how extractive travel as a sector – and us as 2 billion travelers – has become; some reframing / rethinking needed: we have been screaming for decades about travel as a right, now the need is to change it to travel as a privilege. Lots of nuances to that of course. – Rafat Ali, Media Owner & Operator (@rafat) February 21, 2019 Our Wednesday jokes echoed some of these themes. This format is an experience for us, telling a story in this way. Tell us what you think. Now on to our presentation: Seth Borko 11:52 am EST (Senior Research Analyst, New York) “Bloomberg’s interesting article on saving during the pandemic. Said Americans pocketed $ 2.9 trillion in surplus savings during the pandemic. Fascinating statistics… In the United States, a decrease in all the money saved over the past year would propel economic growth to 9%. If you’ve heard me talk about the savings rate and economics, here’s why. It really has the potential to fuel a major rebound in travel spending. Rafat Ali 12:01 (Founder, CEO, New York) “Here for the rebound!” Dawn 12:04 PM (Dawn Rzeznikiewicz, Brand Strategist, New York) “What makes you think it will be spent on travel rather than on debts, medical bills, or just holding it tight as people go? to be psychologically in a different place after this scary time? Seth (suppose everyone is still good for the economy) curious what your thoughts are. Jeremy 12:12 (Jeremy Kressmann, Research Editor, Duluth, Minnesota) And on that same topic, could it be used speculatively, following on from what’s going on with Gamestop and Robinhood? Borko 12:16 “There are a lot of different ways of responding out there and it will all be at the end of the day just speculation until it happens for sure. But the first is that, even before this crisis, those who were relatively wealthier were driving the demand for travel to the United States, and they have a better ability to manage debt and medical bills. The editorial team is currently working on an article on luxury leading to the resumption of travel that plays into this idea. Borko 12:23 pm “Whether people are psychologically in a different place is a big question and that may change for some, but our investigative work indicates that more Americans than not are willing to increase their travel expenses over the course of time. the next twelve months. And also on your point regarding medical bills and debts. The savings data is after all of these mandatory expenses, so it’s the excess cash available to spend. It’s also worth noting that interest payments have actually gone down overall, mainly because mortgage rates are much lower (although this is very uneven and mainly benefits landlords versus tenants) ”Rzeznikiewicz 12:25 pm “that’s all interesting – and points are taken!” Did the research determine whether the trip will be cheaper or more expensive or the same on the return trip? “Madhu Unnikrishnan 12:26 PM (Editor, Airline Weekly, a Skift brand, San Francisco)” I wonder, though, if past recessions are any guide, will spending increase on consumer goods, new homes, etc. .? And after taking into account the fear that people may still have to travel, I wonder if travel would be lower than usual. “Tom Lowry 12:26 PM (Editor-in-Chief, New York)” Ned would tell you no, Dawn… Airlines might actually regain some pricing power this summer Rzeznikiewicz 12:27 “Ooft maybe sick book flights now , Tom ”Rachel Bronstein 12:30 pm (Developer, New York)“ For the record, that might not be worth much: my friends come from a variety of backgrounds, including artists / freelancers, unemployed restaurateurs, other graduates in various fields, and a few technicians like me. Regardless of economic status, medical access or debt, most people talk about traveling as soon as possible. With the first EIP and extra unemployment benefits, most of my friends in debt paid as much as they could and spent very little, but at this point most people I know are eager to spend. It’s not that my friends aren’t worried about their financial health because it’s scary and will continue to be. But my feeling, and that of those around me (I believe), is that leisure – whether traveling, partying safely, enjoying restaurants, or just being together – is as important to recovery as it is to recovery of financial health and savings. Both are essential to recovery and travel is the part we talk about the most. Of course, that just might be my specific group! No one has a family here. Rzeznikiewicz 12:33 pm “(boastful) lol – I agree that this sounds a lot like me / my personal circle, but we are from a relatively privileged class. I guess the privileged have always been travelers. Haixia Wang 12:34 PM (VP of Research, Seattle) “agrees with Rachel on this point. and Dawn, fascinating to look at this from a psychological point of view. I think most people think they need a treat for themselves after this and will spend on “non-essential” things. “Rzeznikiewicz 12:34” in your opinion Jeremy I have never been so interested in the stock market, nor invested for that matter, until this year “Dani Wagstaff 12:35 (Director of Emerging Brands, New York)” I ‘I’m sure that Skift has covered this or will, but I would be interested to know more about the points… we now have so many points on chase that we normally spend on travel. Will travel agencies have to change redemption points? if they need cash? I don’t know how that works “Rzeznikiewicz 12:35″ Haixia, definitely. hope ned is a bit wrong in indicating that travel might get more expensive – that might exclude a lot of between us. I can indulge in a POINT haha ​​”Kressman 12:36 pm” Dani Chase has done her best to get members to use their points for non-travel purchases. Lots of offers to redeem points for discounts on daily expenses statements, transcript credits, etc. But it will be interesting to see everyone trying to use their points balance at the same time when the trip opens! »Wagstaff 12:38 Yes! Ali 12:44 pm “It’s a fascinating discussion, we should either try to make it into a story or a clubhouse :-)” Jason Clampet 12:51 pm (Co-founder, Chief Product Officer, London) “I ‘ I’m probably optimistic here, but I think the pandemic has also made us appreciate local and regional travel more than hopping on a plane and flying halfway around the world. I also think the latter will be (and should ) become more prohibitive in the years to come. Unnikrishnan 1 p.m. “Rachel: That’s fascinating! My group of friends, instead, are spending money (or planning to spend money) on massive houses, new stoves and appliances, cars etc. “And this is a group that has traveled a lot. I’m actually surprised how much we all talk about travel and how much we talk about stoves. Wolf vs Bertazonni »Clampet 13h23« And the other side of the coin, it is my relatives who do not have the chance being able to work remotely lost their jobs or their health care and became more and more in debt. So we will also have a stark reminder that travel is above all a luxury ”Lebawit Lily Girma 13:25 (Global Tourism Reporter, Dominican Republic)“ Also accept regional / local trips. With planning for long-haul travel 2022. We talk a lot about international travel, but there are some interesting changes / dynamics happening at the national level as well. For example, in my backyard, prices have dropped dramatically at resorts and hotels that were previously inaccessible to the majority of the population – now they literally stay several times a month (so it seems). The same is happening in African safari destinations where the locals were once sidelined. Lots of thoughts on this. As for my privileged travel companions, I mostly hear post-vaccine travel plans for the summer. Totally agree with that, Jason. Wang 2:36 PM “The question is, is this newly acquired appreciation just a compromise out of necessity? A friend in China told me that people flock to Hainan, one of the most popular domestic destinations during New Years, for lack of international travel. but they stood in long lines outside the duty free shops. once they are allowed to travel outside again, these people will not hesitate to resume what they did before. Kressmann 2:41 p.m. The million (billion? Trillion?) Dollar question for me is how much all of this will permanently change everyone’s habits and decision-making, rather than turn out to be a temporary failure before historical habits don’t get back into place ”Rzeznikiewicz 2:45 pm“ it’s interesting to hear Haixia – and a case for things to get back to the way they were re: international travel, must remember that people don’t travel just because they particularly want to go to this place. With the world becoming more and more connected, people have families in different countries that they will desperately want to see. Plus, most countries aren’t as big as the United States, so I’m wondering if the appeal of domestic travel isn’t as long-lasting as it could be here. (where we have a bunch of different types of places to visit) ”Girma 2:50 pm“ True Haixia – maybe a mix of the two ”View full article Photo credit: Travel aspirations fuel many important conversations about travel recovery. Bing Hui Yau / Unsplash



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