From Bloomberg:
“Gasoline’s recovery may extend into summer amid changes in the way people vacation. In the U.S., demand for long-haul recreational vehicles has picked up as people opt for road trips over air travel. Jon Gray, chief executive officer of RVshare, said bookings in some areas have more than doubled compared with last year. “We saw an almost overnight doubling of bookings” as lockdowns showed signs of ending, he said.
Fuel distributor Pilot Flying J Inc. also has noted the trend. “People are thinking about their travel plans for this summer and many are considering road trips due to people feeling more comfortable driving,” said Chief Experience Officer Whitney Haslam Johnson.
A similar pattern played out in China during the five-day Labor Day holiday in May. Over the first four days of the holiday, car trips in Beijing jumped 15%, while trips by plane and train in and out of the city fell 76% and 86%, respectively, according to government data.”
Leave a Reply