Travel and Hospitality is a blessed industry. These words might surprise you after the last two years, but they are true. In 2019, pre- pandemic, 1.3 billion people travelled around the world, a number that had been growing at 4.5% every year for the last two decades. Over the same 20-year period, hotel volume grew at 2% meaning demand out-stripped supply.
We are confident people will travel again for both leisure and business. Our research shows that people are incredibly keen to travel, and on average are planning 3.8 trips in 2022, with an intention to spend, on average, 39% more on travel in 2022 compared to 2019.
