After the pandemic, airfares skyrocketed in many regions around the world. In particular, fares in the Asia-Pacific region increased the most, increasing by more than 33% over the same period in 2019. They increased by 17% and 12% in North America and Europe, respectively. The problem arises when North American and European countries have already…
Pacific Asia Travel Association (PATA) has proposed scenarios of international tourist recovery in the coming times. Following a sharp increase in annual international arrivals in 2022, prediction suggests that growth will peak in 2023 before slowing down by 2025. It is because the pent-up travel demand is gradually released. In the “Asia Pacific Visitor Forecasts…
With the strong recovery in 2022, regions in the world are resuming tourism as international traffic increases. International tourism is expected to keep recovering in 2023. However, tourists will consider spending less and choose a close destination in the current economic impacts and challenges. The recovery of regions According to UNWTO latest data in the…