bullish or bearish on travel as an industry over the next 5 years?

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bullish

how can you escape if you never leave?

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well the bear case IMO is an increase in immersive digital experiences that replace the "need" for physical travel. escape mentally without moving physically.

I don't think it will happen within 5 years (hopefully never), but I could see an argument for it

i’d separate short-distance travel for unique events from long-distance travel (eg vacation)

a digital experience could replace the “need” for attending your favorite sporting event, like getting a front-row VR seat instead

i doubt most people will never visit tokyo just cuz they *could* experience it digitally

it could be the opposite that folks get a taste of something different and now will want more

wonderful time to be alive either way!