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Impacting Travel

Trivago CFO discusses the impact of vaccines on travel

It has been a week of good news for the travel industry in the fight against the coronavirus pandemic.

Last Monday, Pfizer announced that its COVID-19 vaccine went through Phase 3 trials with an effective rate of 90 percent. Yesterday, Moderna announced that its version of a vaccine has had an efficacy rate of 94.5 percent.

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Both drugs could be distributed starting next month.

Now the CFO of online travel company Trivago says vaccines will help, of course, but he doesn’t expect things to get back to normal until more like 2022.

Matthias Tillmann told Barron’s financial outlet that “if we really get it by the end of the year, it will probably take time to roll out in 2021 so it doesn’t have a huge impact on our industry. But then 2022 can be a huge game changer. “

Part of the thinking is that Tillman does not anticipate that people will book intercontinental flights that they postponed during the pandemic, especially when business travel is practically at a standstill.

“I think [a vaccine] it is sure to have a positive impact. The perception will be much more positive towards travel, ”he said. “But I wouldn’t assume people would say that, ‘Now I’m going to make this long-haul flight to Asia from Europe or the United States.’ People will probably feel safer traveling within their regions. That is what we anticipate. “

Tillmann also said he is optimistic about the Joseph Biden administration because the president-elect appears to be taking the virus more seriously than President Trump.

“It seems like he has the whole situation on his agenda and wants to implement stricter measures to combat the virus,” Tillman said. “I think it is better for the industry in general to take the pain in the short term, be very serious and do everything possible to contain the situation and then return to a sustainable recovery in the long term.

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