Travel is changing, and the industry is adapting to satisfy a generation seeking authenticity and quality experiences in new destinations.
Globally, tourism is back above pre-pandemic levels. COVID-19 wiped out 1.1 billion trips in 2020, so the turnaround is remarkable. Europe has bounced back, with Southeast Asia and Africa a little slower to recover. In the USA, President Donald Trump's January return has cooled demand. The World Travel & Tourism Council expects foreign visitor spending to fall 7 percent this year; visits from Canada are projected to plummet by about 20 percent. If the pandemic was an earthquake in travel, the industry is praying this will prove to be only a minor tremor.
To take the temperature in travel and gauge where the momentum is headed, we interviewed 71 top executives from around the world. Their verdict is clear: travel is booming once again, but the landscape has changed forever. We examine the rise of low-cost flights, online travel agents and the return of business travel. As we share these leaders' insights within this special report, buckle up and enjoy the ride!
This report has been paid for by a third party. The views and opinions expressed are not those of Newsweek and are not an endorsement of the products, services or persons mentioned.
