Insights by Thornburg IM

Navigating the Post-COVID Resurgence in Travel and Hospitality


Pixabay CC0 Public Domain
  1. While pandemic challenges have curtailed travel spending over the past couple of years, pockets of pent-up demand, pandemic-driven lifestyle shifts, increased digitization, and creative new business models have helped the travel and lodging industry stay afloat and recover.
  2. While large hotel chains cut costs and sought to improve the efficiency of their businesses, many smaller hotel chains and independent operators had to reimagine their business models in order to withstand pandemic impacts.  
  3. We see many opportunities in the market today as well as some levels of uncertainty, not the least of which center around inflation, geopolitical instability, and other factors that may weigh on the market. However, we also believe travel and leisure demand is strong and shows no signs of slowing down.