What the Upcoming COVID-19 Vaccines Mean for the Travel Industry – Newsweek

Each day it seems there are new developments in the world’s search for a successful COVID-19 vaccine. In the last two weeks, both Pfizer and Moderna have announced two vaccine contenders that are over 90 percent effective. The Centers for Disease Control and Prevention said Thursday that Americans should keep their Thanksgiving celebrations restricted to those they already live with. Though this time of the year is typically one of the busiest for traveling, AAA predicts at least a 10 percent drop in travel this year—the largest one-year decrease since 2008 amid the Great Recession.

Looking beyond the holiday season, the promise of a new vaccine becoming available in the coming months has provided a possible light at the end of the tunnel for the travel industry. While the CDC continues to advise against non-essential travel, these developments could bring a promise to an industry that has been suffering since the pandemic’s start.

 Munich Franz-Josef-Strauss Airport
A passenger stands at the check-in area of Munich Franz-Josef-Strauss Airport during the second wave of