Global tourism expected to surpass pre-pandemic levels, driven by pent-up demand: WEF index

The tourism sector is expected to bounce back this year, with global tourist arrivals set to surpass levels seen before the COVID-19 crisis, according to a report by the World Economic Forum released on Tuesday .

This is helped by conducive business environments, dynamic labour markets, open travel policies, and strong transport and tourism infrastructure, said the report. “That means that travel and tourism in the country has also become increasingly affordable for outside visitors,” he added. While travel and tourism have enabled conditions in developing countries to improve, more is needed to close the gap with the high-income countries, the WEF urged. It added that one way to achieve this would be sustainably leveraging natural and cultural assets.SECTOR FACING COMPLEX CHALLENGES

Despite the sector’s post-pandemic growth, the operating conditions have been challenging, from ongoing labour shortages in many countries to air route capacity not keeping up with climbing demand.

Source: Holiday News (holidaynews.net)

Tourism COVID-19 World Economic Forum

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