CNBC’s Jim Cramer said Wednesday he anticipates a ferocious travel recovery from the Covid pandemic, a development that would have significant implications for companies with exposure to the industry and for the U.S. economy overall.
“It’s going to be a boom here in this country, and I don’t think people are ready for it,” Cramer said on “Squawk on the Street.” “When I speak to the pharmaceutical companies, they think it’s going to be a boom. Transportation companies think it’s going to be a boom. .. This may be a sky’s-the-limit situation.”
The hospitality and travel industries have been among the most challenged during the coronavirus crisis, as various business restrictions and health…