International Tourism back to 48%, 74% or 96% in 2023?
The global travel and tourism industry is fighting for survival. The longer the fight, the more difficult it gets. PATA today released estimated numbers of recovery for 2021/2022/2023 with three scenarios.
- There are three scenarios according to a study released today by PATA for the year 2023. The best scenario expects 96% of tourism to be back based on 2019
- China, Hong Kong, USA, Thailand – who will be the winners, who will be the looers?
- PATA CEO counts on vaccines becoming more freely available and inoculations are proceeding rapidly, but even so, and while first results are very encouraging, their effectiveness over a wider proportion of the population has yet to be fully demonstrated.
In 2023 the North America, the Caribbean and South America could welcome 96.5% of all international visitors back compared to 2019. In 2022 this number could be 61.3% and 27.7% this year. This is a dream scenario released by the Pacific Asia Travel Association (PATA) today.
A more realistic picture is the medium scenario with 77.3% of international visitors back in 2023, 47% back in 2002, and only 19.1% this year.
Depending on the development with Coronavirus a more severe number would estimate 54.7% back in 2023, 47% 32.3% in 2022 and 14.3% this year in 2021.
This is according to the full report of the Asia Pacific Visitor Forecasts 2021-2023 released today by the Pacific Asia Travel Association (PATA), where three growth prospects for international visitors into and across 39 Asia Pacific destinations are made, covering mild, medium and severe scenarios.
