It seems to be conventional wisdom that the Covid-19 pandemic “changes everything.” Consider other recent major disruptions, ranging from the internet bubble and crash of 2001 of the global Great Recession of 2008. The SARS epidemic, for example, crashed tourism in several Asian countries in 2003. Before the end of the year, tourism levels were back to pre-epidemic levels.
Likewise, consumer spending in several Asian countries fell during the SARS epidemic of 2003, but again recovered to pre-epidemic levels quickly. The point is that disruptive events have proven not to change behavior all that much, once the issue has passed.
The point is that people, businesses and industries have shown high ability to bounce back from severe disruptions, and perhaps much more quickly than you might expect.
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