Travel reservations have plummeted 91% and won't be back until there's a vaccine, says Booking Holdings CEO

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• Booking Holdings, which owns brands including Kayak and Booking.com, saw the worst effects of the pandemic in the second quarter, reporting that gross bookings fell 91%. 
• CEO Glenn Fogel said during the earnings call that a vaccine or effective treatment will be necessary for business to return to normal. 
• The company said it's expecting a high level of uncertainty for the next several quarters, as it's unclear how comfortable people will be to travel as the pandemic continues. 
• Visit Business Insider's homepage for more stories.

The travel industry has been hit hard by the coronavirus pandemic. 

And, industry leaders are not expecting that to change anytime soon. See the rest of the story at Business Insider

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