“The US rose to become the world’s largest outbound travel market in 2021. In 2022, outbound departures from North America are projected to reach 69 per cent of 2019 levels, before making a full recovery by 2024, at 102 per cent of 2019 levels, ahead of other regions.”
— Hannah Free, Travel and Tourism Analyst, GlobalData
International departures will reach 68 per cent of the pre-Covid-19 levels globally in 2022 and are expected to improve to 82 per cent in 2023 and 97 per cent in 2024, before making a full recovery by 2025 at 101 per cent of 2019 levels, with a projected 1.5 billion international departures, according to GlobalData, a leading data and analytics company.
Hannah Free, Travel and Tourism Analyst, GlobalData, pointed out “International travel from North America had shown improvement in 2021 as international departures grew by 15 per cent year-on-year. The US rose to become the world’s largest outbound travel market in 2021. In 2022, outbound departures from North America are projected to reach 69 per cent of 2019 levels, before making a full recovery by 2024, at 102 per cent of 2019 levels, ahead of other regions.”
International departures from European countries are expected to reach 69 per cent of 2019 figures in 2022. As travel confidence rebuilds, the intraEuropean market is expected to benefit, driven by preferences for short-haul travel.
“However, travel recovery must contend with inflation, rising costs of living, and the war in Ukraine. By 2025, international departures are projected to be 98 per cent of 2019 levels. Geographically, the war has not spread beyond Ukrainian borders. However, Russia was the world’s fifth largest outbound travel market in 2019, while Ukraine was the twelfth. Going forward, limited outbound travel from these countries will hinder Europe’s overall tourism recovery.
“Asia-Pacific is expected to lag in terms of recovery. Outbound departures from the region will only reach 67 per cent of 2019 levels in 2022, owing to the relatively slower removal of travel restrictions, and the propensity for renewed domestic restrictions during Covid-19 outbreaks. Once the region’s and the world’s largest outbound travel market, China is not showing any signs of relaxing its strict border measures in the short-term. In 2021, international departures from China were just 2 per cent of 2019 levels.
“While global international travel is set to recover to pre-pandemic levels by 2025, tourism demand may look quite different. From two years of very limited travel, several long-term shifts and short-term trends have emerged.
“Consumers are now more likely to pursue authentic experiences, demand personalized travel offerings, blend business and leisure travel, and be more conscious of their overall environmental impact. There is still a long way to go to reach a normal situation. However, a potential full recovery by 2025 at the latest gives good reason for the travel and tourism industry to be optimistic for the future,” Free said.
***************************************************************
Readers
These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.
Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world. We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.
Please help us to keep our journalism independent and free.
In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.
For more information: pravasisamwad00@gmail.com
