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Travel staging 'remarkable recovery' despite economic headwinds

Destinations
Debbie Ward
6 November 2023

Travel is largely facing off headwinds from squeezed disposable incomes as it bounces back but the industry should be alert to coming challenges, says the latest WTM Global Travel Report.

Travel staging 'remarkable recovery' despite economic headwinds

Worldwide travel is continuing its “remarkable recovery” despite mounting economic pressures, but the boom is expected to slow as pent-up demand becomes largely satisfied.


This is among key messages from this year’s WTM Global Travel Report, in association with Tourism Economics, which uses data from nearly 200 countries worldwide to predict trends in traveller behaviour.


Despite economic difficulties, due in part to global supply problems, international trips in 2023 should exceed 1.26 billion, equivalent to 86% of demand in 2019, with leisure recovering more strongly than business travel.