Patience doesn't always pay

The travel recovery is happening faster than expected in some places, new research suggests. Are discounts on their way out?

The travel industry's recovery may be happening much sooner — and much faster — than anyone expected. 

Take vacation rentals, for example. Despite the pandemic, they had a 46 percent occupancy rate last year, up 2 points from 2019, according to Key Data, a vacation rental software company.

That makes some sense: Many travelers thought rentals were a safer…