With borders reopened and wanderlust rekindled, global travel has triumphantly reemerged. Destinations beckon with open arms as we rediscover the joys of exploring new countries and cultures, savoring diverse cuisines and creating unforgettable memories with our loved ones. More and more people are packing their bags and heading off on their dream vacations and here are the stats that prove it.
Travel and tourism sector recovering by more than 95%
The research, conducted by the WTTC in collaboration with Oxford Economics, also shows that 34 of 185 examined nations have reached their pre-pandemic GDP contribution levels.
The WTTC predicts that the travel and tourism sector will return to pre-pandemic levels next year. And looking ahead to the next decade, they are forecasting that the travel and tourism sector will grow its GDP contribution to $15.5trn by 2033, representing 11.6% of the global economy.
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Recovery set to significantly surpass 2019
Launched in May 2020, this is a real-time measure of the performance of the global travel industry at large. It measures a wide range of indicators and works with numerous data partners to track the health of the travel industry beyond the impact of the Covid-19 pandemic.
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Changing travel trends in the marketplace
According to travel insurance marketplace squaremouth.com, older generations are returning to travel in large numbers. They state that “Travelers ages 60+ account for the largest travel demographic for the first time since the start of the pandemic, reflecting pre-Covid travel trends.”
Their analytics compared travel insurance policy sales for insured trips purchased between Dec. 1 and January 31 from 2019 to 2023. Now, the company’s share of travelers aged 60+ has more than doubled, rising by 125%.
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Why not seize the moment?
You could be discovering the Dalmatian Coast and islands on a luxury yacht or exploring the pyramids of Egypt. Scotland’s Edinburgh Castle is always memorable. Cook paella in Spain, lunch with fishermen on Canada’s Prince Edward Island or sample Agutak, Eskimo ice cream, made by Alaska’s first people.
However, if you prefer to travel later, take a look at our worldwide collection of premium guided tours.
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