04-09-2020, 12:32 AM | #1 |
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Entertainment/Travel up or down after COVID-19 is past?
I have an opinion on this, but was wondering what do you think will happen with Entertainment and Travel once things go back to normal.
Personally, as of now, many of us are still making income working from home, or making money as essential workers but not spending nearly as much on either of these. I have countless friends who had to cancel travel plans due to this virus. However I believe once restrictions ease, and it is safe to eat out and travel again, you will see a lot more of it. Income( for many) has stayed the same, but discretionary spending will have been reduced for a few month at least. -That $3000 spring trip won't seem so bad next winter if we are inside all summer due to shelter in place. -Those $200/$300 nights out or dinners with SO or friends wont seem so bad after we have not been able to do this for a while. -We wont complain about paying $30 at NFL or MLB games for nachos and a beer, after no March Madness, and all sports cancelled for now, as we will just be happy to be out again, and enjoying sports. Thoughts on this? |
04-09-2020, 12:44 AM | #2 |
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Give it ample time to clear before exposing oneself in public again. This virus is easy to catch if exposed. It survives by replicating in a mammal it infects. No mammal available - no replication - viral prevalence falls off - no virus per see. Making yourself ‘available’ at your favorite eatery by someone walking by you just talking, and you increase your chance of getting sick and keeping this thing going.
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04-09-2020, 07:49 AM | #3 |
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I have a bucket list, not long to live, and a bit of free time on my hands to study airline (*hate* flying) and railroad routes. I might find myself booking a few weekend trips for next year with refundable tickets and insurance at bargain basement prices, as my personal bailout for the travel industry.....
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04-09-2020, 07:55 AM | #4 |
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I'll be booking our honeymoon flights today or tomorrow for September. Really hoping that things roll over by then, but only time will tell. We have free cancellation up to 3 days prior to our Honeymoon travel, so that works out. Will make sure to get airline tickets with something similar. Fingers crossed.
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04-09-2020, 08:26 AM | #5 |
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I expect travel to remain very low until there is a vaccine or at least treatments. There will be some but seems unlikely to return to prior volumes until maybe 2022, including business travel. The government won’t be able to carry airlines all the way through this. Expect consolidation of airlines and ongoing reductions in flight schedules. Hotels will also suffer for quite a while and I‘m glad I am not an investor in an AirBnB rental property. Hotels are going to need to drop prices, which will be bad for AirBnB operators.
I expect local restaurant volumes will be down, but not nearly as bad as travel. People will want to go out to eat ASAP. Some restaurants will not survive and there will be more customers for those who do. Other entertainment (movies, sports, etc.) probably down more than restaurants but not as much as travel. These will also inevitably be affected by new rules and restrictions. For example, no way can people sit so close together screaming at a sports event and there will need to be some kind of screening that will make lines long going in. This is far from over and any rush to get back to “normal” will inevitably land us back to where we are right now - at home with hospitals overburdened and the timeline further stretched. I fully expect another wave of cases later in the year after people return to something closer to normal. We are not eradicating the disease right now, just buying time.
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04-09-2020, 08:38 AM | #6 |
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Any increase will be gradual.
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04-09-2020, 09:00 AM | #7 |
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I seriously doubt a big return to travel will occur until a vaccine is widely available. Some business travel and those folks who choose to take the risk might start to fill some seats, but I think overall travel will stay low until the risk of infection is gone. Cruise ships might as well dock and lock the doors for the rest of 2020 and into 2021.
If we hit a point in community infections where there are no current cases and haven't been for a month or so, then maybe restaurants will start to open up again and shopping might return to near normal levels. Tourists who live near tourists areas like a beach will start to show up again.
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04-09-2020, 11:52 AM | #9 |
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I think it will be a gradual increase as things slowly start to make their way back to whatever the new normal will be. The girlfriend and I were talking about this last night.
We are on the cusp of the second baby boom though. The number of babies that will be born early next year will be through the roof. Also, once the quarantine/shelter in place orders are lifted, I think we'll see and influx of people being more social than normal, for a short period of time anyway, thus only adding to the number of births. |
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04-09-2020, 11:55 AM | #10 | |
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04-09-2020, 11:56 AM | #11 | |
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04-09-2020, 12:04 PM | #12 |
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You are not wrong here. It will be total chaos. A feeding frenzy, if you will. People will be out looking for anyone who will stand still long enough. I'm sure that those who are on dating sites are already lining up their "meetings"......or "meatings"
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04-09-2020, 12:07 PM | #13 | |
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If you can't get laid after this...there is no hope for you! By the way, where is Furiously Fast............
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04-09-2020, 01:06 PM | #14 |
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9 months after Hurricane Katrina we had a baby boom so I would agree with that.
We enjoy having nice dinners out but I haven't missed it. Never really went to the movies. I miss my friends a lot. We have a group of 10 who are really close and we see each other regularly so that's been hard. Last weekend we went for a boat ride & it's so tough not to walk up and hug everyone. As far as travel, it's my passion and as soon as I can get on a plane I will. My friends daughters senior trip is in Cabo and we are supposed to leave May 24th. Not having a lot of hope for that. My 40th is at the end of July and if I can get to Great Exuma that's where I will be celebrating 🏖 |
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04-09-2020, 01:16 PM | #15 |
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I can assure you he is mid-keystroke of letting some woman on Tinder know how pointless her existence is.
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04-09-2020, 01:29 PM | #16 |
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One thing has done is moved the ball into my court in terms of family finances. The wife makes considerably more than me but spends every last penny, much of it on useless shit.
From here, i take the reigns on spending. We are surviving just fine without new clothes or toys for the kids or eating out or other superfluous waste-ages. |
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04-09-2020, 01:45 PM | #17 | |
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This will not end well. I'm/we are going to need an update on this within 6 weeks. Godspeed my friend |
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04-09-2020, 02:08 PM | #18 | ||
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I will say that yesterday I was going to spend about $200 on more work out shorts, tank tops & sports bras. Today, I'm like do I really need that?? I use Instagram to shop at a lot of our local boutiques & you should see the amount of people still buying things like crazy. I'm like is anyone worried about what the next month holds? I'm not panicking but being more aware in areas that I wouldn't have thought twice about prior to this. Come to think of it, I had the X5 fully detailed & waxed this week but that's not frivolous, right |
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04-09-2020, 02:26 PM | #19 |
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I have always done the finances in our house. I make 4X what my wife does, but we have one account and it's treated as "our" money.
I have always been a "numbers" guy. So after the month's expenses are paid, and we put what we want in savings, retirement, etc.....I put an amount on the whiteboard of the fridge that shows an estimate of what's left to spend as "extra". She's fine with that as long as she see's a number to go by. That's what she uses for her Books, Art Stuff, other small things she wants. Anything more than a certain amount, we typically discuss it. But it's worked great.
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04-09-2020, 02:30 PM | #20 | |
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04-09-2020, 02:42 PM | #21 | |
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And between you and I....the amount I typically write on the board is usually about 1/3rd of what is really available.
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04-09-2020, 02:46 PM | #22 |
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We had been together for a while before we got married so we just kept it the same. Also, my husband used his business account & only put money into a personal account to pay personal bills so that was another reason for us. I wasn't going to make a 3rd for us to share.
If we go on a trip, I pay for flights or hotels & he will pay for food & other things we do. It pretty much always balances out. We are both open about our finances & it's always worked out for us. |
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