Absolutely.
Everybody has a certain energy budget on a daily or weekly basis. We can go into a shorter term debt that will eventually require payment (rest).
As an example, today would be a 3-4 hour ride on my schedule but I have a 90 minute ice hockey game tonight. If I really cared about the game, I would not have done intervals yesterday on my bike since ice hockey is like a HIIT session but worse. So, I'll keep today's ride to 2 hours.
If I go for a 3 hour hike, there is no need to go on a 3 hour bike ride that day for instance.