Global Travel Industry Set To Fully Rebound From The Pandemic. Industries Eye Asia-Pacific Region For Future Growth.

Benzinga

The global travel industry is poised for full recovery from the COVID pandemic this month, according to U.N. Tourism. International arrivals during the first nine months of 2024 reached 98% of 2019 levels, with a full rebound expected by year-end. The Middle East led the recovery, driven by surges in visitors to Qatar and Saudi Arabia. Asia-Pacific is projected to be the epicenter of global travel growth, with air passengers expected to double by 2042. Hospitality companies are expanding aggressively in the region.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The global travel industry is poised for full recovery from the COVID pandemic this month,

00:06according to UN Tourism. International arrivals during the first nine months of 2024

00:12reached 98% of 2019 levels, with a full rebound expected by year-end.

00:17The Middle East led the recovery, driven by surges in visitors to Qatar and Saudi Arabia.

00:21Asia Pacific is projected to be the epicenter of global travel growth,

00:25with air passengers expected to more than double by 2042.

00:29Hospitality companies are expanding aggressively in the region.

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