The global travel industry is expected to make a full recovery by 2025 due to increasing number of travelers and growing demand for air, land and sea transportation.
The “future of the travel industry after covid” is that the travel industry is expected to make a full recovery by 2025. The article goes on to explain what “covid” means and how it affects the industry. Read more in detail here: future of travel industry after covid.
According to recent analysis from Global Data, the global travel sector is predicted to fully recover by 2025.
According to the report, overseas departures will reach 68 percent of pre-COVID-19 levels in 2022, then improve to 82 percent in 2023 and 97 percent in 2024. Travel is estimated to increase by 101% by 2025, with international departures likely to exceed 1.5 billion.
These developments are reflected in the prognosis for North America.
“International travel from North America improved in 2021, with international departures increasing 15% year over year. In 2021, the United States will overtake China as the world’s biggest outbound travel market,” said Hannah Free, a travel and tourism analyst at GlobalData. “Outbound departures from North America are expected to hit 69 percent of 2019 levels in 2022, before recovering to 102 percent of 2019 levels in 2024, putting it ahead of other areas.”
Europe is recovering at the same rate as North America.
“By 2022, international departures from European nations are likely to reach 69% of 2019 levels,” Free said. “As consumer confidence in travel returns, the intra-European market is projected to improve, owing to short-haul travel preferences.”
A crowded airport terminal. (picture courtesy of iStock/Getty Images) E+/Terraxplorer)
According to Free, a rebound in the travel business is not certain.
“Travel recovery must deal with inflation, growing living expenses, and the conflict in Ukraine,” she said. “International departures are expected to reach 98 percent of current levels by 2025.” The conflict has not expanded beyond Ukrainian territory. In 2019, Russia was the world’s fifth biggest outbound travel market, with Ukraine coming in at number 12. Limited outward travel from these nations in the future would stymie Europe’s overall tourist revival.”
The Asia-Pacific area is expected to lag behind Europe and North America. Outward departures from the area are predicted to be only 67 percent of 2019 levels in 2022, owing to the region’s delayed relaxation of travel restrictions, particularly in China, the region’s biggest outbound travel market.
“While worldwide international travel is expected to rebound to pre-pandemic levels by 2025, tourist demand may take a very different shape,” says the report “Free said. “Several long-term movements and short-term patterns have developed after two years of extremely little travel. Consumers are increasingly seeking unique experiences, demanding individualized travel services, combining work and leisure travel, and becoming more environmentally responsible. There is still a long way to go before things return to normal. However, the travel and tourism sector has cause to be positive for the future with a projected complete recovery by 2025 at the latest.”