There certainly are excess deaths, but I don't we can be sure how many are due to Covid-19 infection, or due to people dying because they haven't received timely treatment for other conditions (cancer, or heart disease for example). I fear that the proportion of the latter is going to increase in the next six months, as deaths from Covid-19 subside.
All that said, until a sizable proportion of the travelling public is vaccinated, and those in the destination countries, international travel may well continue to be an issue, I suspect right through to Q3 2021.