With more U.S. travelers expected to take to the skies and the roads this summer as COVID-19 restrictions ease, unbridled demand will strain capacity in the leisure and travel industry and push prices even higher.
Airlines, hotels, rental car companies, and booking sites all reported a surge in demand for their services in the latest batch of company earnings. But at the same time, many of those companies face a tight labor market and limited volume as they scramble to restart and expand operations after more than two years of depressed demand due to the pandemic.
