After more than a year at home due to the pandemic, people are anxious to get out and vacation, but a number of setbacks, including passport backlogs and COVID variants, are being blamed for throwing a wrench in many summer plans. Glenn Fogel, Booking Holdings CEO, joined Cheddar to talk about the state of the travel industry and noted that while there was a considerable drop in booked vacations during the month of July, he expects people to resume travel again soon. He is confident that the company will be able to weather the current lull in bookings with more than $16 billion in cash on hand. "Nobody really knows how this delta variant is going to impact over the next few weeks, next few months, even the next couple of quarters," he said. "What we do know, though, is not worrying about next week, next month, next quarter. It's thinking about the long run."