Consumers around the world are “prioritising” leisure travel for their discretionary spend, leading to a positive post-pandemic outlook for the global tourism industry, reveals new research.
The WTM Global Travel Report, in association with Oxford Economics, is launched today at WTM London 23, the world’s most influential travel and tourism event.
The 70-page report reveals that the number of leisure trips taken in 2023 will be just 10% lower than during the prior peak in 2019. However, the value of these trips, in dollar terms, will end the year in positive territory relative to before the pandemic.
