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by captnblob 452 days ago
“Everyone can draw their own conclusions as to what’s causing this. It’s also anyone’s guess if we’re at rock bottom in terms of consumer sentiment, and if we’ll see more close-in bookings than in past years. But either way, April is right around the corner, and those drops are massive.”

One point I’ll make is the Canadian economy is not doing well regardless.

3 comments

The Canadian economy is not doing so poorly that it could explain a 70% drop nearly overnight.
This by a mile.

Anecdotally, by buddy runs a few bnb’s in cottage country in Ontario. Bookings for the summer are mimicking that pandemic surge in 2020/21. It’s wild out there right now.

The job market for one is brutal. It’s all interconnected. Its been leading up to this for some time.
The context is that Canadian airlines aren't seeing 70% drops in forward bookings anywhere else and WestJet is adding routes to Europe to replace US flights...
Then why now all of a sudden instead of 6 months ago?
My personal anecdata is that the people I know who have cancelled trips are middle class folks who can afford to travel to the US but refuse to do so. My brother, who has done well for himself and vacationed in Florida every year for almost a quarter of a century, was even thinking of buying a property there. He is now looking into buying property in Italy instead.
This take is bordering on delusional. It's the annexation threats, trade war, internal collapse of law and order, border issues, and complete disrespect towards a close ally.