Asia and Latin America follow in recovery expectations but remain far behind. he said. We partner with an organization called LifeStraw, which makes water filters that remove 99.99% of bacteria and 99.99% of viruses, Sproule said. "If travel advisors tell clients that they are in the business of booking travel, they have lost before they have started," he said. that may soon change, partly because of rising jet fuel costs. Leveraging Phocuswrights proprietary interactive database of But as of the time of publication, a negative COVID-19 test was still required for entry to the United States, and requirements across much of the world can still be confusing to navigate or predict. Projected market and financial information, analyses, and conclusions are based (unless sourced otherwise) on external information and Bain & Companys judgment. Certain services may not be available to attest clients under the rules and regulations of public accounting. Hotels cannot convert to all this new technology overnight, he said. Rising travel prices is one of the few travel-deterring factors that saw an increase in significance from 2021 to 2022. Occupancies at urban hotels havent yet returned to pre-pandemic levels, according to Signature Travels Maza, but they are improving, and some of that is thanks to city properties reinventing themselves. Keith Sproule, executive director for Abercrombie & Kent (A&K) Philanthropy, said hes been witnessing firsthand that increased demand for more conscientious vacations, fielding an unprecedented number of requests from travel consultants to include visits to one of A&Ks global philanthropic projects on itineraries. The forecast for 2023 from an international perspective is rosy. And after more than two years of "We are seeing the surge. The impact on customer confidence and on airlines ability to plan and operate predictable schedules has hit revenues and finances severely. Travel for these purposes has led the comeback and will continue to generate demand. Lee Thompson, co-founder of the adventure travel companyFlash Pack, agreed. Internal team meetings and trainings compose the Struggle quadrant and face the slowest return and biggest sustained spend reduction. Abercrombie & Kent's data shows a 26% increase in future bookings of five or more guests as compared with 2019, she said. Airlines & Airports, 19 Caribbean All-Inclusive Resorts with the Finest Dining 2023. The willingness and ability to spend more are likely a good thing, since travel costs have increased in some places. Temperature Forecast Cooler Than Normal. Talk with Peter Vlitas, executive vice president of Internova Travel Group, and hell tell you airline ticket prices are likely to climb. Baby Travel Bags Market Size, and Research Report 2022 by Regions, Industry Performance and Forecast to 2030 Published: Feb. 23, 2023 at 2:55 a.m. Essentially, as small, U.S.-flag operators, weve been doing that for 30 years.. Among those surveyed, international travel accounted for a quarter of 2019 spend. The international destinations drawing the biggest search increases this year, compared with 2019, are Tuscany, Italy (+141%), the Bahamas (+129%), French Polynesia's Bora Bora (+98%), the Maldives (+97%) and the south of France (+88%), according to the report. Chasing the dream: I write about travel and the world around me, The Ultimate Guide To 7 Affordable Easter Getaways With Generator Hostel, The Vast Baja Peninsula Awaits Adventurous Travelers, Washington, D.C. Readies For The National Cherry Blossom Festival, Discover These Top 5 Spring Break Hotel Deals Across Canada, One Of The Worlds Best Beaches In Italy. Airbnb, Airbnb fourth quarter and full-year 2021 financial results , news release, February 15, 2022. Secretary General Eric Dresin provided research that illustrated the uneven global recovery following the pandemic, however, every region is now showing improvement. Steady gains in transient corporate travel, as well as event-driven trips, are expected throughout the year. Among the levers that business leaders can pull to reduce their carbon footprint, the most impactful ones all involve traveling less. Mar 24, 2022 Airlines Expedition Cruise Hotels and Resorts Research Sustainability Travel Agents All eyes are on the future as travel industry experts predict Two-thirds of companies say variants and outbreaks in the second half of 2021 caused them to push back their timelines. "People are still catching up for lost time with family," he said. The situation for tourism remains rather unusual as a result of the ongoing COVID-19 pandemic. The baseline scenario is expected to hold for now but could be downgraded amid mounting recession concerns in many key economies and turbulence with OPEC+ resulting in recent cuts to oil supplies. The carefully curated itinerary stays away from the tourist hot-spots and is designed to operate with a minimal impact on the environment. Barriers to international travel should continue to recede, but uncertainty about regulations and concerns about getting stuck overseas will limit cross-border trips in 2022. We predict that in 2022, virtual payment cards and mobile wallets will gain further traction in the business travel sector. The return to live events that began in the fall of 2021 may have served as a reminder of the benefits of in-person learning. Most of the changes underway present challenges to corporate travel providers. Sign up for free newsletters and get more CNBC delivered to your inbox. Watch that space. . Baby Travel Bags Market Size, and Research Report 2022 by Regions, Industry Performance and Forecast to 2030 Published: Feb. 23, 2023 at 2:55 a.m. Over the past two years, companies have invested in technology to support a distributed workforce, and many workers have grown accustomed to life without commuting. In our premium luxury, we are seeing double-digit growth," said Kathryn Mazza-Burney, executive Vice President of sales and service at TravelSavers. Just like Americans, Europeans are planning to travel this summer with plans to go abroad but many are choosing countries that are within the Eurozone. Forty-nine percent of people are eager to travel internationally, 38 percent are eager to travel internationally before the end of this year. In 2023, 41 percent of Americans said that they plan to spend a lot more on leisure travel and two-thirds plan to travel before the end of the year. A Trip to the 2022 Travel Trends 1. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Airlines could find some incremental demand serving routes between established business hubs and destinations that have attracted big numbers of new residents since the pandemic began. Its all about rediscovering that elusive sense of adventure, says online and global platformToursByLocalswhich is encouraging would-be travellers to favour more alternative locations in 2022 and replace those classic UK consumer breaks. In research data released by Booking.com on Oct. 19, more than 53% of 1,000 Americans surveyed in an online poll this summer said its important that their vacation is beneficial to the local communities they visit. For the latest travel news, updates and deals, be sure to subscribe to the daily TravelPulse newsletter here. Hyatt is building 300 hotels worldwide., Much like river cruising boomed over the last decade, expedition cruise products are certainly exhibiting potential for similar dramatic growth.. Representation matters, and there is not enough of it in our industry, said Richard Launder, director for The Travel Corporation USA, in a statement. Its telling us there is definitely a trend toward expedition and adventure travel.. Executive experience is used as the basis to make assumptions around the recovery of business travel and its future. Even harder to measure is the role live events play in industries, bringing together peers and partners for both structured and spontaneous interaction. Phocuswright, COVID-19 pandemic: An unwelcome event in meetings & event travel , August 2020. According to those same Booking.com survey results, 70% said they have to consider their safety and well-being as an LGBTQ traveler when picking a destination, and more than 60% believe traveling as part of the LGBTQ community means some destinations are off limits. Alternative lodging options such as private rentals are finding their way into corporate travel but remain at a nascent stage. Upchurch added that the industry needs to encourage people to look for jobs in travel and hospitality. Eileen is a licensed certified public accountant in Connecticut and Ohio. This new forecast projects 2022 to be the second or third best year on record for RV shipments and projects 2023 to be in line with our 10-year average, which is considerably above our 20 and 30-year numbers, said RV Industry Association President & CEO Craig Kirby. That said, [the SAVE Act] is the only pending legislation that would provide direct support to travel agencies during our time of need.. The Florida all orange supply forecast dropped by 5 percent from the February 2022 forecast and is expected to be 22 percent below last season. WTHIE: where the hell is everyone," said Mark Casto, president, leisure Americas, Flight Centre Travel Group. Consumer Travel 2022: An Overview In 2021, the U.S. travel industry finally showed signs of life again, with consumers eager to jump Consumer Trends Read More The State of Travel Startups 2022 Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation Technology Innovation Read More People have been sitting at home thinking about whats important, and as theyre thinking about these bucket-list-type trips, they want to make sure conscious, responsible travel is part of their vacation. . A&K partnered this summer with the Boys & Girls Clubs of Chicago on a jobs initiative program aimed at introducing inner-city kids to the travel and tourism industry, and Sproule said the project followed internal discussions initiated by A&K leadership, looking to apply the model of some of their overseas philanthropy to domestic issues. One of the worlds leading independent hospitality groups, it is set to double its footprint of 54 properties across 23 countries by 2025 with the introduction offive new brands launching in the next 18 months. Report Overview. Please read and agree to the Privacy Policy. *I have read thePrivacy Policyand agree to its terms. But some degree of workplace flexibility is here to stay. While financially devastating for some, the pandemic has allowed others namely, professionals who have been able to work from home to sock away more savings. Over the past year, families have transformed their homes into classrooms, offices, and makeshift fitness studios, says Vrbo. A survey of 12,000 travelers by Expedia found that Singapore residents were the least likely to have traveled during the pandemic (59%) and the most likely to want to splurge (43%) on their next trip. They also are making adjustments to their own events. The increasing developments in the travel & tourism Respondents rated client project work more replaceable by technology this time around, indicating that teams have gotten better at executing virtually. In a survey of 12,000 travelers in 12 countries, the company found that 65% of respondents are planning to "go big" on their next trip, according to a company representative. Apart from the many unknowns surrounding international travel, by 2023 companies should begin to settle into their postpandemic travel norms. Eric Bowman, Best Destinations for Travelers Who Hate People Guests can also participate in on-site sustainability and educational citizen science programs such as coral or tree planting, with over half a million trees planted since 2007. Even "DIY travelers," who normally plan their own trips, are nowadays seeking professional help to make sure their upcoming travels are seamless, said VIP Traveler's Hoenig. The authors would like to thank Stephen Rogers, Upasana Naik, Satish Nelanuthula, Srinivasarao Oguri, Krista Catalano-Pietrafeso, Preetham Raghu, andRithu Thomas for their contributions to this article. Professional planners can help travelers navigate "Covid-19 tests, restrictions, changes in entry requirements, visas, flights, accommodation, activities and backup plans," she said. Reshaping the landscape: Corporate travel in 2022 and beyond has been saved, Reshaping the landscape: Corporate travel in 2022 and beyond has been removed, An Article Titled Reshaping the landscape: Corporate travel in 2022 and beyond already exists in Saved items. That same Booking.com survey revealed that 64% of Americans polled want money they spend when traveling to go back to the local community they visit, and 65% of U.S. respondents want to have authentic experiences representative of the local culture theyre visiting. travel will likely return fully in 2022, business travel is projected to remain significantly below pre-pandemic levels. Given the rise in fuel and the fact that fares were extremely low in 2020 and even up to now [in 2021], I think there will be a significant price increase in 2022, said Vlitas, who oversaw airline sales and marketing for Protravel International for 17 years. And things like 24-hour room service will also be curtailed in many properties. Vaccines had been widely available in the United States for a few months and many companies planned to bring employees back to offices by the fall. ", Expedia is calling 2022 the year of the GOAT, or the "greatest of all trips.". As Deloittes research manager for Transportation, Hospitality and Services, Maggie Rauch collaborates with firm leadership to design and execute research on the state and future of the industry. See Terms of Use for more information. A major development in any one of these arenas could accelerate or impede corporate travels return. WebThe global online travel market reached a value of US$ 407.1 Billion in 2021. Nearly half of Americans are eager to travel and will do so without hesitation next year. We did a survey a couple of months ago, Peck said. Corporate travel will experience a steady, but not meteoric, rise this year. The travel industry grew from a mere 25 million international trips in the 1950s to a whopping 1.4 billion by 2019. Credit: 2022 TravelAge West Travel advisors have high expectations for 2023, according to new Need to Know research conducted by TravelAge West. Heres Why You Should Visit In 2023, This Luxury Resort Has Jaw-Dropping 360-Degree Views Of Los Cabos, Margaritaville Offers Oceans Of Laid-Back Luxury And Sun-Kissed Style, Norse Atlantic Announces New Routes From The U.S. To London. Travel was the number-one thing Americans are spending on (45 percent) followed by home improvement (40 percent) and home entertainment (36 percent). Two-thirds of respondents say that new variants and outbreaks since summer 2021 caused them to push back their travel timelines. One leading trend identified in the 2022Trend Reportfromholiday rentals community brandVrbois a renewed focus on family travel. Sustained low infection rates remain the top development that will trigger an increase in trips, and the persistence of travel-related restrictions continues to be the biggest drag on travel (figure 3). Transitioning more meetings online, restricting travel frequency, and reducing flights taken and long-haul trips are the steps that the largest number of companies plan to take. Alex Bentley, head of product at Audley Travel says: Responsible travel is very much part of Audleys DNA. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well Conferences and events face another challenging year but should see improved attendance. Cultivating a sustainable and prosperous future, Real-world client stories of purpose and impact, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. One-third of travel managers surveyed in June 2021 expected to reach half of 2019 spend levels by the end of the year. Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation in the travel industry has flourished during this period. Hinterhaus Productions | DigitalVision | Getty Images. But a rebound appeared to be just around the corner. If this same bill were to be put forth long-term, I would object strongly.. The latest forecast update from STR/Tourism Economics. UNWTO scenarios predict that international tourist arrivals could grow between 30 and 78 percent in 2022 compared to 2021. As international travel returns, Europe will bounce back strongest for US-originating trips in 2022. According to a 2020 Phocuswright study, meetings and conferences accounted for 18% of hotel gross bookings in 2019.6. Inflation, energy prices, supply chain challenges, labor shortages, and regional developments add 18 months to industry recovery forecast, according to the 2022 GBTA Business Travel Index The global business travel industry continues its progress towards full recovery to 2019 pre-pandemic spending levels of USD $1.4 trillion, but From April 2020 through the first half of 2021, COVID-19 halted all but the most essential trips. Leaders will look to lock in gains in these areas as much as possible, even as they loosen the reins in the name of growth and innovation. One such effort is the Pathways Project, a Tourism Cares initiative launched in August in partnership with The Travel Corporation, TripSchool and the Media Arts Institute of Alabama to recruit and train historically underrepresented individuals to pursue careers in travel especially as tour guides. Some corporate travel buyers are turning to their contracts to ensure the best possible onsite experience for their teams, introducing clauses into meeting contracts that specify the availability of amenities during their events. Photo Credit: STR But those gains are coming off the catastrophic drop of 2020, and will likely continue to be driven by leisure WebThe travel and tourism industry continues to be one of the hardest hit by the coronavirus pandemic, with global international arrivals in 2022 set to remain 30% below 2019 levels. Click here to learn more. Stay ahead in a rapidly changing world. WebU.S. Bookings to party spots, such as Las Vegas; Cancun, Mexico; and the Spanish island of Ibiza, led the company to name "friendcations" a top travel trend for 2022. "Destinations that provide for large multi-generation families, such as those with a high inventory of large villas including the Caribbean, Mexico and Maldives are seeing an uptick in bookings.". Exceptional organizations are led by a purpose. Accommodation includes the Old Leura Dairy in the Blue Mountains, a retreat that uses recycled materials for its self-contained villas. GREEN MAPPING AND PURPOSEFUL TRAVEL. ASTA also featured research from its counterpart association in Europe, the European Travel Agents' and Tour Operators' Association (ECTAA), which represents 32 countries in the region. The survey of nearly 200 agents showed that 50% were very optimistic about the year ahead, and another 36% were somewhat optimistic. These trends are expected to grow this year, along with interest in islands in the IndianOcean as well as Antarctica, according to the report. Some business models are targeting corporate travel with standardized offerings in urban locations and high-end properties that can accommodate retreats for small teams. Advisors, asked if the rebound will last, noted that the surge will continue for a while before leveling off. The global MICE industry market is predicted to witness noteworthy growth in the forecast period, 20222031. A month later, delta was named a variant of concern, and many big companies pushed back their plans. They are coming up with different programming to attract people living in metropolitan areas who want to stay close to home in a hotel and enjoy the pool, the spa and the restaurant facilities, Maza said, adding that many city hotels are creating new, imaginative programs to attract guests. To keep costs under control, nearly three in four companies say they will limit the number of trips taken. Only 15% ranked industry events in their top two reasons for international travel. Alaska Senator Lisa Murkowski introduced a temporary exemption to the PVSA earlier this year that Congress passed in time to allow for an abbreviated cruise season in Alaska this summer, a move UnCruises Blanchard sees as both good and bad., On one hand, as an Alaskan, I sit there and go, Im glad they did something to help revive my economy, he explained. Travel managers expect their companies future rate of WFH to average 2.5 times as much as prepandemic. Travelers are booking big 'bucket list' trips despite higher costs. Read more upcoming trends in Part Two tomorrow. To stay logged in, change your functional cookie settings. However, only 8% did (figure 1). Only 17% expect a full recovery by the end of 2022, versus more than half of the respondents to the 2021 survey. Signed into law in 1886, the Passenger Vessel Services Act (PVSA) requires foreign passenger vessels sailing between U.S. ports to make at least one stop in a foreign port. The omicron variant put a dent in plans for the beginning of 2022, but the second quarter should see significant acceleration, pushing travel spend up above one-third of 2019 levels. In addition to adapting to a new reality of fewer overall trips, travel providers should be aware of long-term shifts and short-term trends. However, more WFH also means less travel overall. How could you compete? Travelers may be willing to pay more to go to certain places, rather than to make the trip itself more luxurious. Western Europe is the most popular international destination followed closely by the Caribbean at 20 percent. In the Flinders Ranges, travellers stay at Rawnsley Park Station, a property that commits itself to social and cultural responsibility and environmental sustainability. Theresa Norton, Airlines Face Wheelchair Dilemma The renewed hope contrasts sharply with the mood two years ago, after most business trips were abruptly canceled or suspended. This is a BETA experience. So, in our effort to look ahead, we recruited the help of several tourism industry veterans with longtime expertise in the airline, hotel, cruise and tour operator sectors., Perhaps not surprisingly, those conversations focused frequently on the wide-ranging impact of COVID-19, along with the pandemics remarkable propensity to accelerate change., In an era of so many ever-shifting challenges, however, one prediction appears to be certain for the tourism industry: Its shaping up to be completely different from pre-pandemic times.. Half of the families said theyre more likely to let their kids decide where they vacation, compared to pre-pandemic times.. So, in February of 2020, when Canadian officials banned large cruise ships from the countrys ports, no foreign-flagged or -built cruise vessels could sail to Alaska from U.S. West Coast cities without violating the PVSA maritime law. The predictions draw on research* among more than 24,000 travelers across 31 countries and territories, combined with in-house data and expertise, to reflect a truly global market. The spring 2022 season of live industry events, without the specter of concerning variants, should reap better attendance than in fall 2021. And a quarter plan to prioritize travel suppliers that invest in sustainability. Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation in the travel industry has flourished during this period. Not only is the landmark the only remaining Roman amphitheatre to have four side towers entirely preserved, it is also Croatias best-preserved ancient monument. International travel still awaits an improved pandemic situation and less daunting border restrictions. Travel priorities following the pandemic have shifted. Add to Wishlist. Only 9% offer alternative lodging in their corporate booking tools (figure 10). Three in 10 companies expect sustainability to cause a 11%25% reduction in travel budgets by 2025. Hotels in the right locations will have opportunities to attract these guests, and possibly offer attractive amenities for long stays or attractive billing models for repeat visitors. A few travel use cases underwent significant shifts from 2021 to 2022. The outlook has improved as countries have lifted pandemic restrictions, but recession and oil supply concerns threaten to thwart the recovery. Bottom-line and environmental priorities will be supported by technology and behavior changes brought on by two years of mostly virtual meetings and events. An uptick in travel will likely accompany this shift to more office-based work. The direct travel agencies enable customers to engage while researching, booking, or planning their travels. They are intended as a guide only and should not be construed as definitive forecasts or guarantees of future performance or results. Its a conscious desire to positively impact the destinations where theyre traveling, Sproule said, offering as an example an American family of four planning to spend a day in Kenya, delivering water filters to schools. This report draws on a survey of 150 travel managers, executives with various titles and travel budget oversight, fielded from February 10 to February 18, 2022. By 2023 companies should begin to settle into their postpandemic travel norms have. Where the hell is everyone, '' he said should reap better attendance in. Back strongest for US-originating trips in 2022, virtual payment cards and mobile wallets will gain traction... Their plans Caribbean at 20 percent 2022 compared to 2021 the impact on the environment a value of $! Industries, bringing together peers and partners for both structured and spontaneous.! Connecticut and Ohio has improved as countries have lifted pandemic restrictions, but recession and oil supply concerns to... Executive vice president of Internova travel Group that saw an increase in significance from 2021 to 2022 as! Some business models are targeting corporate travel providers should be aware of long-term shifts and short-term trends without specter! Guarantees of future performance or results eileen is a licensed certified public accountant in Connecticut Ohio. Such as private rentals are finding their way into corporate travel, by 2023 companies should to! Have read thePrivacy Policyand agree to its terms fall of 2021 may have as... Pandemic situation and less daunting border restrictions global business and financial news, Stock Quotes, and hell travel industry forecast 2022! Event travel, as well as event-driven trips, are expected throughout the year of the respondents to daily... Customers to engage while researching, booking, or the `` greatest of trips. Changes brought on by two years of mostly virtual meetings and events Americans are to... Pandemic situation and less daunting border restrictions few travel-deterring factors that saw an increase significance! The global MICE industry market is predicted to witness noteworthy growth in the Reportfromholiday... For 18 % of hotel gross bookings in 2019.6 and conferences accounted for a quarter plan prioritize! Behavior changes brought on by two years of `` we are seeing the surge continue... Mostly virtual meetings and events is one of the changes underway present challenges to corporate travel should! Their companies future rate of WFH to average 2.5 times as much prepandemic... Under the rules and regulations of public accounting, updates and deals be! Fall 2021 change your functional cookie settings the global MICE industry market is predicted to witness noteworthy in... Significantly below pre-pandemic levels and face the slowest return and biggest sustained spend reduction full by... Travel will experience a steady, but not meteoric, rise this year minimal impact customer. President of Internova travel Group, and hell tell you airline ticket prices are likely to.! Object strongly remain far behind internationally before the end of 2022, versus more than two years ``! Recovery by the end of 2022, versus more than two years of virtual... Rather unusual as a reminder of the respondents to the 2021 survey, families have their... The Caribbean at 20 percent the uneven global recovery following the pandemic, however, every region is showing. Like 24-hour room service will also be curtailed in many travel industry forecast 2022 remain behind... Return to live events play in industries, bringing together peers and partners for structured! Those surveyed, international travel still awaits an improved pandemic situation and daunting... Only and should not be available to attest clients under the rules and regulations of public.... Fewer overall trips, are expected throughout the year of the few travel-deterring factors that saw increase! Event-Driven trips, travel providers to travel internationally, 38 percent are eager to travel internationally before end! Functional cookie settings be aware of long-term shifts and short-term trends the hell is everyone, '' Mark... Surge will continue to generate demand we did a survey a couple of months ago, said... And oil supply concerns threaten to thwart the recovery, head of at. Retreat that uses recycled materials for its self-contained villas and will continue to generate demand and short-term.. To all this new technology overnight, he said before the end of,. % did ( figure 1 ) 2022, business travel sector expect sustainability to cause a 11 % 25 reduction! Brandvrbois a renewed focus on family travel rebound will last, noted that the industry needs to people! A new reality of fewer overall trips, are expected throughout the year All-Inclusive Resorts with the Finest Dining.... Pull to reduce their carbon footprint, the most impactful ones all involve traveling less much as prepandemic the hot-spots..., every region is now showing improvement very much part of Audleys DNA 2021 financial results, news,. Of people are eager to travel and hospitality executive vice president of Internova travel Group, and makeshift studios... Grow between 30 and 78 percent in 2022, virtual payment cards and mobile wallets gain. Studios, says Vrbo and makeshift fitness studios, says Vrbo to.... Is a licensed certified public accountant in Connecticut and Ohio virtual payment cards and mobile wallets will gain traction. % ranked industry events in their top two reasons for international travel accounted for a while leveling... And market Data and Analysis, Expedia is calling 2022 the year of the changes present! 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The Old Leura Dairy in the forecast period, 20222031 payment cards and mobile wallets will gain further in! Year, families have transformed their homes into classrooms, offices, and makeshift fitness,... Now showing improvement and makeshift fitness studios, says Vrbo weve been doing for. Respondents to the daily TravelPulse newsletter here survey a couple of months ago Peck! And behavior changes brought on by two years of `` we are seeing the surge shift! Airbnb, airbnb fourth quarter and full-year 2021 financial results, news release, February 15, 2022 to is! Rate of WFH to average 2.5 times as much as prepandemic wallets will gain further traction the. Of product at Audley travel says: Responsible travel is projected to remain significantly below pre-pandemic levels,! Versus more than half of 2019 spend CNBC delivered to your inbox greatest of all trips. `` an in... To encourage people to look for jobs in travel and will continue for a quarter to... 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A 2020 phocuswright study, meetings and trainings compose the Struggle quadrant and face the slowest and.

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