Travel Industry Expected to Make Full Recovery by 2025

 Travel Industry Expected to Make Full Recovery by 2025

The global travel industry is expected to make a full recovery by 2025, according to new research from Global Data.

The study found that international departures will reach 68 percent of their pre-COVID-19 levels worldwide by 2022 and are expected to grow to 82 percent by 2023 and 97 percent by 2024. By 2025, travel is expected to be will reach 101 percent by 2019 levels with international departures projected to reach 1.5 billion.


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The outlook for North America follows these trends.

“International travel from North America is showing growth in 2021 while international departures will grow by 15 percent annually. The U.S. is growing to become the largest outbound travel market by 2021,” said Hannah Free, travel and tourism analyst at GlobalData. “By 2022, outbound departures from North America are expected to reach 69 percent at 2019 levels, before making a full recovery by 2024, to 102 percent at 2019 levels, ahead of other regions.

The recovery in Europe is equivalent to that in North America.

“International departures from European countries are expected to reach 69 per cent of 2019 figures by 2022,” Free said. “As confidence in travel rebuilds, the intra-European market is expected to benefit, driven by preferences for short travel.”

Busy airport terminal.
Busy airport terminal. (photo via iStock/Getty Images E+/Terraxplorer)

The recovery of the travel industry is not a guarantee, said Free.

“The recovery of travel will have to fight inflation, rising cost of living, and the war in Ukraine,” he said. “By 2025, international departures are planned to be 98 percent at 2019 levels. Geographically, the war has not spread beyond the borders of Ukraine. However, Russia is the fifth largest market for foreign travel in the world. in 2019, while Ukraine is 12th. Going forward, limited overseas travel from these countries will hinder the overall recovery of tourism in Europe. ”

It is estimated that the Asia-Pacific region is far from Europe and North America. Outbound departures from the region are expected to reach only 67 percent by 2019 levels by 2022 due to the slow removal of travel restrictions in the region, especially in China, which is the region’s largest outbound travel market. .

“While global international travel is set to recover to pre-pandemic levels by 2025, tourism demand may look very different,” Free said. “From two years of very limited travel, many long shifts and short trends have emerged. Consumers are now more likely to pursue real -life experiences, demand personalized travel offerings, mix in business and leisure travel, and be more mindful of their overall impact on the environment.The road to normalcy is still a long way off.However, a potential full recovery by 2025 at the latest provides good reason for the travel and tourism industry to be optimistic for the future.

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