The potential vaccine news has set the optimism in the travel and leisure industry, which has been hardest hit by the pandemic. The lockdown and quarantine rules have weighed down on the business activity of the travel and leisure sector. The first sign of hope was witnessed as the share price of travel & leisure stocks jumped after the announcement of vaccine news. So far, since the reopening of the global economy, the bookings in the travel sector have been dominated by domestic stays and travel.
Though the full-recovery of the travel industry is a story far away; it was interesting to see positive movement in the sector after a long time. However, the uncertainty over the short-term would continue to loom due to covid-19 outbreak.