65% of leisure respondents will wait less than 4 months to undertake travel. Per the 7th UBS Evidence Lab Travel intentions survey there is stable pent up demand for domestic travel once travel restrictions are lifted. In fact, 65% of respondents will wait less than 4 months (45% less than 2months) to make any type of travel domestically for leisure purpose once restrictions are lifted. We think this bodes well for the summer period: assuming restrictions within Europe are lifted in May (click link) as this would imply willingness to travel over the summer period May-August 2021. 

But leisure flying intentions weaker than total travel intentions 

However, with regards to domestic flights, 57% of leisure travellers will wait 4 months or less, once restrictions are lifted before taking a domestic flight. The difference between those willing to make a domestic trip and those willing to take a domestic flight is small in France and the US, but high in the UK (64% domestic trip vs 47% for a flight) and Germany (66% domestic trip vs 49% for a flight). The US shows the strongest results in both leisure and business vs France, Germany and UK which is likely due to the size of the domestic markets and vaccination progress.