After more than a year of delayed travel plans, get-togethers, and social gatherings, pent-up demand is hitting the market in full force after the vaccination rollout, starting this Memorial Day weekend. More than 37 million Americans are expected to travel 50 miles or more from home May 27 through May 31, 2021, which could be great news for short-term rental owners, hotels, and business owners in the tourism and hospitality fields. These industries have been among some of the hardest-hit sectors during the global pandemic, as mandated shutdowns and social distancing measures kept people from traveling and shopping in stores — and ultimately spending less.
Memorial Day weekend boom is just the beginning
The travel boom we’re seeing, however, isn’t quite to pre-pandemic levels — 2019 saw roughly 43 million Americans traveling over Memorial Day weekend. The number, though, is a positive start to what is hoped to be a very busy, active summer season.