U.S. Leisure Travel Is Back at Pre-Pandemic Levels for the First Time© 2021 Bloomberg Finance LPUS consumers are spending less on products and more on experiences — a trend that could ease supply snags and inflationary pressures, and help the travel industry this summer.
For the first time since COVID halted movement around the world, leisure travel has returned to 2019 levels, according to areleased by the Mastercard Economics Institute. People are feeling more comfortable heading off to far flung adventures, despite a surge in cases and average airfares jumping 18% globally since the start of the year.
“If flight bookings continue at their current pace, an estimated 1.5 billion more passengers globally will fly in 2022 compared to last year,” the report said, “with Europe seeing the biggest increase — about 550 million.”Short and medium-haul flights are up 25% and 27% in April over the same period in 2019. Long-haul trips, which started the year 75% below pre-pandemic levels, rebounded to just 7% below 2019 by the end of April.
Pent-up demand for experiences appears to be driving the wanderlust with tourist spending on nightclubs and bars up 72% above 2019 levels, restaurants up 31%, and other recreational activities like museum, concerts and amusement parks up 35%, according to the report. By comparison, tourist spending is down for retail goods like clothes and cosmetics.
The report found the most popular international destination in March for travelers leaving North America was Mexico, and departing Europe, Middle East and Africa, was the UK. The US tops the list for those traveling from Latin America, the Caribbean, and the Asia-Pacific regions.
Cases climbing through the roof.
so you chose a picture with one person and her one child?
dictators and communists are the product of two bugs making love on a pile of dung (max - lenin) they love the power of killing and selling their souls to the devil
பயணமே உறவுகள் யார் என்ற தேடுதலில் உள்ளது
I couldn't believe it was possible
Deliver us for ten thousand years
Next week's head lines Surge in Nation Wide COVID cases
An excellent way to catch Covid!
Biden must be doing a good job then!
'For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape.\r' (I Thessalonians 5:3) All this travel is yet another sign that Jesus is coming soon. Are you ready?
Lucky for them but lets not forget so many millions can not afford to travel for leisure
ПУТИН СЛИВАЕТ ВМФ
Its's really great to see things have normalised. It's also a great learning that everything whether its pleasant or unpleasant everything passes. All we need to do is to be patient and pray the Almighty will certainly give us strengths to deal with our pain🙏🙏🙏🙏
Government: WTF, we better get this madness back under our control! Monkeypox that should do it.
And just as many people are getting covid but nobody gives a f*** anymore!
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