Kaleido expects strong growth in outbound travel from China following the lifting of COVID-related restrictions, with outbound travel expected to approach nearly 80% of 2019 levels by 2023.
GLOBAL INTERNATIONAL TRAVEL 2023
LONDON, Jan. 24, 2023 (GLOBE NEWSWIRE) — Kaleido Intelligence's International Travel Data Center 2023 predicts strong growth in annual inbound and outbound international travel by 2023, with growth of 165% by 2020. More than 1.7 billion.
With major travel corridors approaching, or in some cases surpassing, pre-COVID levels, the international travel market will receive a major boost following China's recent lifting of COVID-related travel restrictions. International travel bookings in China are showing their best performance since 2019 and Kaleido expects China to post annual growth of 378% in 2023 and nearly 80% of 2019 levels by the end of 2019.
The number of international leisure and business trips will reach 1.3 billion in 2022
Kaleido's International Travel Research 2023 estimated that the number of international day and overnight trips departing in 2022 was 93% higher than that seen in 2021, surpassing 1 billion for the first time in three years.
Nitin Bass, Head of Strategy and Insights at Kaleido Intelligence, added: "Global travel markets saw strong passenger demand in the second and fourth quarters of 2022, with global traffic expected to reach around 65% of post- Covid -19 levels. at the end of the year". of the year We are currently seeing 2019 levels being exceeded on major travel corridors in Europe, North America and the Middle East.
Strong growth in 2023 from East Asia and Pacific
International travel is expected to continue strong and sustained growth in 2023, driven by reduced consumer travel (especially long-haul travel) and demand for international travel and vacations among Chinese travelers.
However, according to the survey, geopolitical challenges related to the conflict in Ukraine, a weakening economic outlook in major markets and other key factors such as flight costs will affect the path to recovery.
Kaleido expects emerging and established travel markets to experience strong growth in the first half of this year, with East Asia and the Pacific seeing outbound (91%) and inbound (220%) year-on-year growth.
Discover the impact of travel recovery on international travel traffic and revenue in your market by requesting an interview with Kaleido Intelligence.
About Kaleid Intelligence
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