International spending on travel expected to rise 94% in 2022
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
January 31, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, JANUARY 31, 2023
International spending on travel expected to rise 94% in 2022

World+Biz

TBS Report
26 November, 2021, 03:00 pm
Last modified: 26 November, 2021, 03:04 pm

Related News

  • Twin shocks call for stronger domestic policy response
  • Island hopping in Bangladesh?
  • Thailand beats 2022 tourism target with 11.15 million foreign arrivals
  • China rings in Lunar New Year with most Covid rules lifted
  • Covid-19 deaths down 9% worldwide in past week: WHO

International spending on travel expected to rise 94% in 2022

Travellers are headed to secondary destinations and booking ‘the great outdoors’ in 2021

TBS Report
26 November, 2021, 03:00 pm
Last modified: 26 November, 2021, 03:04 pm
International spending on travel expected to rise 94% in 2022

The World Travel & Tourism Council (WTTC) and Trip.com Group have launched "Trending in Travel", a new report that shows the latest trends traveller behaviour and future booking patterns in the wake of Covid-19.

WTTC, representing the global Travel & Tourism sector, joined forces with leading global travel service provider, Trip.com Group, and its major consumer brands Trip.com, Ctrip and Skyscanner, to analyse consumer trends shaping the recovery of the Travel & Tourism sector.

WTTC's latest projections show strong growth in international spending for 2022 and beyond, projected to overtake domestic spending in 2022, as more destinations ease restrictions and vaccination rates continue to rise.

Following a 69.4% decline (2020), global international spending on travel is set to rise by 9.3% in 2021, and significantly by 93.8% in 2022, reports a press release.

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

Since the start of the pandemic, mobility restrictions have hindered international travel and, although domestic travel will provide a much-needed boost to the sector, WTTC says the return of international travel is critical to rebooting the global economy.

The report focuses on booking trends, consumer considerations, and consumer profiles. It also features examples of markets whose resilience has provided a platform for the recovery of the Travel & Tourism sector.

The report shows how Covid-19 has changed the way people travel; younger travellers are the first to return to travel; increased demand for longer stays; the importance of fee-free cancellations and the demand for high levels of health and safety checks.

To avoid travel restrictions, travellers are seeking secondary destinations, away from traditional holiday spots, as their destination of choice. This preference positively impacts local communities and livelihoods.

According to Trip.com's 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 goes on to show that, according to Ctrip data, bookings for "the great outdoors" will predominate in the short and medium term. In China – one of the world's largest travel markets - nature-related attraction bookings have increased by 265% in the first half of this year compared to the same period last year.

The pause in travel has also heightened consumers' eagerness to travel more sustainably with more than eight out of 10 (83%) global travellers saying they would make sustainable travel a priority in the future.

Reinforcing this long-term trend, since its launch in 2019, the report shows 68 million travellers have opted to book a "Greener Choice" labelled flight on Skyscanner, a comparatively lower-carbon flight choice.

According to the report, 70% of travellers in many major countries such as the US, Spain, the UK, Canada, and Japan plan to spend more on travel in 2022 than they have in the last five years, including 2019 - one of the best years on record for Travel & Tourism.

Julia Simpson, WTTC president & CEO, said, "It is clear people are really looking forward to travelling again. Consumers are curious, they are looking at new destinations, 'the great outdoors' and travel that benefits the places and people they visit. As travel and tourism represents over 10% of global GDP this is good news for jobs and economies. The impact in some countries has been devastating for local communities and this report shows that business is returning in earnest."

Jane Sun, CEO of Trip.com Group, said, "Travellers around the world have shown their eagerness to travel, whether limited to domestic travel or able to cross borders, we see a huge amount of pent-up demand steadily being released.

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

Latest WTTC research shows the global recovery of the Travel & Tourism sector is picking up pace with the sector's contribution to global GDP projected to rise by 30.7% in 2021 and 31.7% in 2022.

Top News

Travel / travel abroad / Tourism / Covid -19 / pandemic

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh's GDP growth to stay below pre-pandemic level even in FY27: IMF
    Bangladesh's GDP growth to stay below pre-pandemic level even in FY27: IMF
  • Representational photo: TBS
    IMF's blueprint for Bangladesh's upper middle income goal
  • Photo: Screenshot
    ChatGPT explains why a country seeks IMF loan

MOST VIEWED

  • Pakistan's Prime Minister Shehbaz Sharif attends a summit on climate resilience in Pakistan, months after deadly floods in the country, at the United Nations, in Geneva, Switzerland, January 9, 2023. REUTERS/Denis Balibouse/File Photo
    Pakistan, IMF open talks to unlock crucial funding
  • FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo
    IMF eyes 'turning point' for world economy as growth bottoms
  • Police officers clash with protesters as they demonstrate against the French government's pension reform plan in Paris, France, January 19, 2023. Adrien AdcaZz via REUTERS.
    France hit by second nationwide strike against pension reform
  • People wearing protective face masks walk near the glass Pyramid of the Louvre museum in Paris, amid the coronavirus disease (COVID-19) outbreak in France, February 19, 2022. REUTERS/Gonzalo Fuentes
    France economy grew 2.6% in 2022
  • People hold signs as they take part in a right to strike protest outside Downing Street in London, Britain, January 30, 2023. REUTERS/Henry Nicholls
    Teachers join mass walkout in Britain after decade-long pay squeeze
  • A board displays the status of flights to and from Logan International Airport, amid cancellations and disruptions due to adverse weather and the surge in coronavirus cases caused by the Omicron variant, in Boston, Massachusetts, U.S., January 3, 2022. REUTERS/Brian Snyder
    US airlines cancel over 1,000 flights over winter storm

Related News

  • Twin shocks call for stronger domestic policy response
  • Island hopping in Bangladesh?
  • Thailand beats 2022 tourism target with 11.15 million foreign arrivals
  • China rings in Lunar New Year with most Covid rules lifted
  • Covid-19 deaths down 9% worldwide in past week: WHO

Features

Photo: Collected

Tips to incorporate sustainable construction

5h | Habitat
Photo: Noor-A-Alam

How did mud walls find their way into urban designs?

6h | Habitat
Spotify is among the tech platforms that saw record growth during Covid lockdowns
Photo: DW

Could tech layoffs spread to rest of US economy?

10h | Panorama
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

10h | Panorama

More Videos from TBS

Sunflower cultivation is becoming popular in Faridpur

Sunflower cultivation is becoming popular in Faridpur

2h | TBS Stories
Is Djokovic the statistical G.O.A.T?

Is Djokovic the statistical G.O.A.T?

3h | TBS SPORTS
Two more factories of the country got platinum certificate.

Two more factories of the country got platinum certificate.

21h | TBS Today
Iconic villains of Bollywood

Iconic villains of Bollywood

22h | TBS Entertainment

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

4
Photo: Collected
Energy

8 Ctg power plants out of production

5
Photo: Saqlain Rizve
Bangladesh

Bangladeshi university students identified as problematic users of Facebook, internet: Study

6
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]