Staycation could be the new vacation
Many are predicting that travelers will vacation closer to home once stay-at-home restrictions are lifted, and hotels can reopen.
On March 31, the US State Department issued a Level 4 advisory that warned against all international travel. Airlines canceled flights en masse, and many countries moved to close their borders and airports. It’s unclear when that Level 4 advisory will be lifted.
“Recovery may have to be more driven by domestic demand, given US border restrictions and also US travelers preferring to stay close to home and also avoiding quarantining if they were to leave the US,” UBS analysts wrote in an April 15 note.
Regional hotel operators are hopeful this could be good news for their business, especially if residents are able to move around parts of the US more freely this summer.
“There’s going to be a boom in travel, but it’s probably going to be travel closer to home,” Leah Bellemore, corporate director of digital and brand marketing at Hay Creek Hotels, told Business Insider.
“We believe there is pent-up demand to get out of the house,” said George Soderberg, Hay Creek Hotels’ senior vice president of operations.
Hay Creek operates hotels in New York, Massachusetts, New Hampshire, Vermont, Maine, and South Carolina.