4 charts show what the travel industry looks like 2 years into the pandemic
After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the has led some countries to tighten their borders again.
Here are four charts that show what the travel industry looks like two years into the Covid pandemic.
Regional recoveries: travel recovery has remained uneven across regions
Airlines' losses: Airlines reported net losses in 2020 and that trend is expected to continue into this year, according to estimates by the International Air Transport Association.
But those losses will likely shrink this year, the aviation trade association said in a report released October.
Hotel bookings: Along with airline profitability, hotel bookings have also been slow to recover in 2021.
Hotel bookings vary vastly across regions. Europe has been the slowest to recover while the Middle East recovered most significantly.
Hotel bookings vary vastly across regions. Europe has been the slowest to recover while the Middle East recovered most significantly.
Travel outlook for 2022: While the pandemic isn't over, some in the travel industry are optimistic about a rebound in tourism.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Casperwolf : of course the travel sector us going to pick up compared to 2021. Economy's simply cannot afford to shut down entirely the way things did at the beginning of covid. governments are not going to stifle the economy with no clear end 8n sight. so for now its learn how to mitigate and live with the threat. proof of vaccine, boosters, masks, people will adapt, and people will travel. it will not be robust for some time. will it look good compared to 2021, yes.