That’s the pessimistic view, and one that means the travel industry as we know it essentially ceases to exist, with hotels shutting down / mass job losses in places like Thailand, Spain Barbados etc. where tourism is the main earner along with mass airline bankruptcies and the associated industries struggling, such as airports / catering / engineering.
Working in the industry, my company have essentially given up hope on travel being possible in May, but are hopeful it will be possible to get away in July / August, albeit some destinations will be more ‘open’ than others. June could go either way at this stage, but personally, I can’t see much happening until mid June at the earliest.