2022 is set to be a landmark year for the recovery of the US travel industry. Overall domestic travel spending is expected to recover to the pre-pandemic level, driven by continuing strong demand for leisure travel.
Airlines is also set to see substantial recovery in 2022, and will continue to recover in the coming years, with passenger numbers expected to fully recover in 2023. Domestic leisure flights especially will have largely recovered in 2022, followed in the coming years by international leisure, domestic business, then international business flights.
Demand for lodging remains very high in the US, but the recovery of hotels is raising new issues for the industry. Inflation has quickly become a challenge for the entire US economy, and hotels is no exception.
Travel intermediaries has seen one of the most divergent recoveries within the travel industry. Leisure intermediaries began to stage a strong recovery in 2021, driven especially by short-term rental providers Airbnb and VRBO.
The removal of multiple pandemic-related restrictions has set the path for the US travel industry to recover to the pre-pandemic level. The US government’s removal of entry and testing restrictions means that more international travellers will consider trips to the US over the coming years.
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Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.See All of Our Definitions
This report originates from Passport, our Travel research and analysis database.
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