I've been WFH, self-isolating and social distancing overseas for just over a week and a half now. I woke up the other day thinking, damn I need a holiday. Once things get back to normal, you will have a lot of people with built up disposal income, built up annual leave entitlement who need a holiday. THL could do well on the other side (if they make it).
A thought which might provide solace to holders (like myself).
"His loyalty couldn't be bought at any price; but it could be rented remarkably cheaply."
I've been WFH, self-isolating and social distancing overseas for just over a week and a half now. I woke up the other day thinking, damn I need a holiday. Once things get back to normal, you will have a lot of people with built up disposal income, built up annual leave entitlement who need a holiday. THL could do well on the other side (if they make it).
A thought which might provide solace to holders (like myself).
I like your optimism. And you could well be correct. However, I think the more likely scenario is that individuals following this will likely,
a) Reduce spending for some time due smaller investment holding (house and kiwisaver values likely to drop)
b) Less disposable income due to being placed on leave without pay or worse loosing job all altogether
c) Have little annual leave accrued due to business's placing staff on annual leave through shutdown.
d) small business owners will be less likely to holiday due to recovering their business losses through shutdown.
Im steering well clear of tourism companies as I think their rebound time will be longer than others.
I like your optimism. And you could well be correct. However, I think the more likely scenario is that individuals following this will likely,
a) Reduce spending for some time due smaller investment holding (house and kiwisaver values likely to drop)
b) Less disposable income due to being placed on leave without pay or worse loosing job all altogether
c) Have little annual leave accrued due to business's placing staff on annual leave through shutdown.
d) small business owners will be less likely to holiday due to recovering their business losses through shutdown.
Im steering well clear of tourism companies as I think their rebound time will be longer than others.
Agree. It isn't just as simple as the lockdown in NZ and all being hunky dory. All of these other countries have to be clear and able to travel as well. Who knows when aviation will come back either - got to get here somehow.
I think it will also depend on confidence - how confident are punters going to be to get in a metal tube and fly half way around the world for a bit of a holiday.
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Originally Posted by Pricey
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