A looming global recession and higher inflation across many parts of the world are likely to weigh on consumer spending and tourism demand, and in turn defer the international travel recovery, tourism experts say.
Global tourism has continued to recover at a strong pace as many destinations welcomed surging numbers of international arrivals in the first quarter of this year. Experts are optimistic that the effective recovery of international travel may occur sooner than previously anticipated.
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European airlines and hotel chains are seeing bookings recover to levels not seen since before the COVID-19 pandemic, led by demand for shorter trips, although travellers remain cautious about. | May 6, 2022
The direct and indirect impacts of the Russia-Ukraine war on European tourism are becoming clearer, while also difficult to predict far into the future