Global Air Travel Recovery
A report recently produced by ForwardKeys for the World Travel Market (WTM) shows that global air travel in the third quarter of 2022 is set to reach an average of 65% of pre-pandemic 2019 levels.
The report shows some parts of the world recovering faster than others. Africa and Middle East are expected to recover most strongly in Q3, reaching 83% of 2019 levels. The Americas follow with 76% and then Europe at 71%. Asia Pacific, however, is set to reach just 35% of 2019 levels, due to stiffer travel restrictions remaining in force for longer.
ForwardKeys comments…”Enthusiasm to travel again internationally is so strong, that a rise in air fares has done relatively little to dampen demand” – The average fare from the U.S to Europe climbed by more than35% between January and May, with no noticeable slowing in booking rates.
With travel restrictions being mostly lifted in 2022 and consumer confidence generally regained, demand for international travel is on the rise. American travelers are planning to stay longer at their destinations and spend more than they did in 2019.
