Global travel bookings surpass pre-pandemic levels
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Global leisure and enterprise flight bookings have surpassed pre-pandemic levels, whereas spending on cruise strains, buses and trains noticed sharp enhancements this 12 months, in line with a brand new report from Mastercard Economics Institute.
New report from the Mastercard Economics Institute “Travel 2022: Trends and Transitions” delivers important insights throughout 37 markets concerning the international state of travel in a post-vaccine and fewer restricted chapter of the pandemic period. Importantly, if flight reserving tendencies proceed at their present tempo, an estimated 115 million extra passengers in Eastern Europe, Middle East and Africa will fly in 2022 in comparison with final 12 months, in line with an evaluation by the Mastercard Economics Institute.
Drawing on a novel evaluation of publicly out there travel data2, in addition to aggregated and anonymized gross sales exercise within the Mastercard network3, the report dives into key parts of the traveller journey.
Leisure and enterprise flights surpass pre-pandemic levels: Travel restoration has been a largely shopper story for a lot of the pandemic. By the top of April, international leisure flight bookings surpassed 2019 levels by 25%; short- and medium-haul leisure flight bookings had been up 25% and 27%, respectively. Global enterprise flight bookings exceeded pre-pandemic levels for the primary time in March, with long-haul particularly rising double-digits in April. The return to workplace was an vital driver.
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