Away CFO on Future of Travel

The video discusses the impact of the pandemic on travel, highlighting a recovery in travel activities such as TSA throughput and Amtrak bookings. It emphasizes the evolving definition of travel as part of self-care routines, with people finding safe ways to travel. The video also covers how Away, a travel product company, adapted during the pandemic by launching new products and improving supply chain strategies. Despite economic challenges like inflation, travel remains a priority for many, with increased spending on travel as part of self-care.

How has the definition of travel changed post-pandemic?

• Travel is only for leisure purposes.

• Travel is now only international.

• Travel is restricted to business trips.

• Travel includes local activities like hiking and gym visits.

What strategy has 'Away' implemented to ensure they meet consumer demand?

• Focusing only on online sales.

• Enhancing supply chain strategies.

• Increasing advertising budget.

• Reducing product variety.

What new product did 'Away' launch during the pandemic?

• A range of travel clothing.

• A pet carrier.

• A new line of backpacks.

• A travel app.

How have consumers' travel spending habits changed despite economic challenges?

• They have stopped spending on travel.

• They are spending less on travel.

• They are spending the same as before.

• They are spending more on travel.

What percentage of people expect to spend more on travel than before the pandemic?

• 60%

• 75%

• 45%

• 30%