Booking Holdings Glenn Fogel on Travel Demand

The transcript discusses the current state of travel demand, highlighting the impact of COVID-19 and the role of vaccines in potentially returning to normality. It explores the concept of vaccine passports and the need for technological solutions to facilitate safe international travel. The challenges of global vaccination rollouts, especially in less developed economies, are addressed, emphasizing the importance of a worldwide program. The outlook for summer travel is analyzed, considering the race between virus mutations and vaccine distribution. European travel expectations are discussed, with a focus on vaccination progress. Finally, the conversation shifts to taxation and its economic implications, advocating for an equitable tax system that supports innovation.

What is one of the main reasons for the current travel demand according to the first section?

• There are new tourist attractions.

• Travel is cheaper than before.

• There is a desire to escape routine.

• People want to visit family.

What is a proposed solution for facilitating international travel?

• Allowing travel only for business purposes.

• Providing free travel insurance.

• Implementing a technological solution to verify vaccination.

• Reducing travel restrictions entirely.

Why is there a concern about the slow vaccination rollout in less developed economies?

• It could result in more virus mutations.

• It might lead to stricter travel bans.

• It may lead to increased travel costs.

• It will cause a decline in tourism.

What is the role of developed countries in addressing global vaccination disparities?

• To develop new vaccines for their citizens.

• To focus on their own vaccination programs.

• To restrict travel from less vaccinated countries.

• To provide financial and logistical support.

What is a potential consequence of the global minimum tax proposal?

• It may lead to a more equitable tax system.

• It will reduce innovation in tech companies.

• It will only affect digital companies.

• It will increase government revenue significantly.

What is the main challenge in achieving a fair tax system?

• Increasing taxes for multinational corporations.

• Ensuring all companies pay the same tax rate.

• Reducing taxes for small businesses.

• Convincing countries to give up their tax advantages.

What is the relationship between innovation and taxation discussed in the final section?

• Lower taxes can promote the development of new things.

• Taxes should only be used for government projects.

• Higher taxes always lead to more innovation.

• Innovation is unaffected by tax policies.