In this newsletter, you can see that there has been a flurry of M&A and funding activity in business travel in recent days, reflecting the tectonic shifts taking place in the space. Brian Chesky comments on the shifts taking place in leisure travel as well (#5). Travel companies are also having to adapt to new consumer behaviors that will be here for the long term, some of which are highlighted by Euromonitor (#4). Most importantly, Tim Urban (in #1) makes us reflect on the importance of time well spent. And in this, the travel sector plays a vital societal role.