Spring is here. Vaccines are rolling out across the globe and more than one billion doses of the COVID-19 vaccines have been administered. What a difference a year makes. As we start to imagine a world beyond the pandemic, businesses want to know ‘when will we see bounce back?’
Anticipation is high that some industries will revive quickly – travel amongst them. However, our data1suggest that consumer trust in the travel industry was significantly damaged during the pandemic. Rather than an industry reinvigoration via a ‘shots in arms’ catapult, consumers will return to travel slowly, cautiously, and only...