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WTTC predicts 'strong growth' in global travel spend next year

Economy
Will Payne
25 November 2021

Global consumer spending on travel will see "strong growth" in 2022 and beyond, according to the World Travel and Tourism Council (WTTC) and Trip.com Group.

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

The two companies launched the Trending in Travel report, which shows the latest trends in traveller behaviour and future bookings in the wake of the Covid-19 crisis.

WTTC’s latest projections predicted "strong growth" in international spending for 2022 and beyond, and is projected to overtake domestic spending in 2022 as more destinations ease restrictions and vaccination rates continue to rise.

Following a 69.4% decline in 2020, global international spending on travel is set to rise by 9.3% in 2021 and by 93.8% in 2022.