Unemployed people typically don't take vacations. People that are nervous about their financial future also don't take vacations. The people that do are going to take less extravagant ones. I have a lot of friends in the travel industry, and no one there expects travel to return to what is was a few months ago for many years.

> "missed this year's vacation (i.e. everyone)"

How many people in the US do you think take vacations every year?

10 million filed for unemployment benefits in the last 2 weeks. They wont' be champing at the bit to spend money on luxuries anytime soon.

Tourism industry is sized for population that does take vacations, and they were denied it this year. And out of 10 million on unemployment, how many you think were taking regular vacations in the first place? The poorest were hit the hardest.

lol people are not rational spenders. Once they begin receiving any sort of stable income, they will bank on receiving it and splurge.

Which is a good thing for the rest of, ironically and economically.

Not me. I'm bracing for my own expected layoff and I imagine a lot of HNers are as well.