Global international travel spending could rise 9.3% in 2021

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Global international travel spending could rise 9.3% in 2021
Source: WTTC
November 25, 2021

The figure comes from a report published by the World Travel and Tourism Council and Trip.com Group


The World Travel and Tourism Council (WTTC) and Trip.com Group have launched 'Trending in Travel', a new report showing the latest trends in traveler behavior and future booking patterns in the wake of COVID-19. .

Representing the global travel and tourism industry, WTTC joined forces with the world's leading travel services provider, Trip.com Group, and its leading consumer brands Trip.com, Ctrip and Skyscanner, to analyze consumer trends. that shape the recovery of the travel and tourism sector. .

The latest projections from WTTC show strong growth in international spending for 2022 and beyond, which is projected to exceed domestic spending in 2022, as more destinations ease restrictions and vaccination rates continue to rise.

Following a decline of 69.4% (2020), global international travel spending is projected to increase by 9.3% in 2021, and significantly by 93.8% in 2022.

The report also reveals how severe and confusing travel restrictions around the world drove a significant increase in domestic tourism, with domestic hotel bookings increasing by more than 200% on the Trip.com platform this year compared to. with 2019.

Since the beginning of the pandemic, mobility restrictions have hampered international travel and while domestic travel will provide a much-needed boost to the sector, WTTC says the return of international travel is critical to restarting the global economy.

The report focuses on booking trends, consumer considerations, and consumer profiles. It also presents examples of markets whose resilience has provided a platform for the recovery of the travel and tourism sector.

The report shows how COVID-19 has changed the way people travel; the youngest travelers are the first to return to travel; increased demand for longer stays; the importance of free cancellations and the demand for high levels of health and safety controls.

To avoid travel restrictions, travelers seek secondary destinations, away from traditional vacation spots, as their destination of choice. This preference has a positive impact on local communities and livelihoods. According to Trip.com hotel booking data, Abu Dhabi (UAE) Chiang Mai (Thailand), Doha (Qatar), Florence (Italy) and Frankfurt (Germany) were the most popular secondary destinations in their respective countries in 2021.

The report continues to show that based on Ctrip data, bookings for 'the great outdoors' will dominate in the short to medium term. In China, one of the world's largest travel markets, reservations for nature-related attractions increased 265% in the first half of this year compared to the same period last year.

The travel pause has also increased consumer enthusiasm for traveling more sustainably with more than eight in 10 (83%) global travelers saying they would make sustainable travel a priority going forward.

Reinforcing this long-term trend, since its launch in 2019, the report shows that 68 million travelers have chosen to book a flight labeled "Greener Choice" on Skyscanner, a comparatively lower-carbon flight option.

According to the report, 70% of travelers in many major countries like the US, Spain, UK, Canada and Japan plan to spend more on travel in 2022 than in the past five years, including 2019, one of the best years registered in travel and tourism.

Julia Simpson, President and CEO of WTTC, said: "It is clear that people really want to travel again. Consumers are curious, looking for new destinations, 'the great outdoors' and travel that benefits places already people who visit. With travel and tourism accounting for more than 10% of global GDP, this is good news for jobs and the economy. The impact in some countries has been devastating for local communities and this report shows that business is coming back in earnest. "

Jane Sun, CEO of Trip.com Group, said: "Travelers around the world have shown their enthusiasm for travel, whether it is limited to domestic travel or capable of crossing borders, we see a lot of pent-up demand constantly being released.

"To better evolve with the recovery, we must understand travelers and, as an industry, adapt to emerging trends."

The latest research from the WTTC shows that the global recovery of the travel and tourism sector is accelerating, with the sector's contribution to global GDP projected to increase by 30.7% in 2021 and 31.7% in 2022. The Americas they continue to lead the general recovery with a projected 36.8%. Travel & Tourism GDP growth this year, led by the Caribbean (47.3%) and North America (37.9%).

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