"A girl is talking to a guy about this boyfriend's planning of taking plan to take her on vacation. " Anyways. The guy should be using the future tense, and should say "yeah, it will be," but that would probably be overlooked in spoken English.
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EnchantedThe guy likes the girl but hasnt told her.Hi Enchanted
EnchantedGirl:"He(b/f) says it'll be fun"As I see things, the words "it" and "fun" refer here to the future vacation: the probable one -- the one that is viewed as likely to be real in the future.
EnchantedGuy:" yeah, it would be"Here, the word "it" also refers to the future vacation being fun, however the reference is not