Despite pandemic and Ukraine crisis, pent-up demand for travel is growing

Global air traffic to exceed pre-Covid levels in 2024, predicts IATA

The submit Global air traffic to exceed pre-Covid levels in 2024, predicts IATA appeared first on TD (Travel Daily Media) Travel Daily.

The International Air Transport Association (IATA) expects total traveller numbers to attain 4.0 billion in 2024 (counting multi-sector connecting journeys as one passenger), exceeding pre-COVID-19 levels (103% of the 2019 whole).

Expectations for the form of the near-term restoration have shifted barely, reflecting the evolution of government-imposed journey restrictions in some markets. The total image introduced in the newest replace to IATA’s long-term forecast, nonetheless, is unchanged from what was anticipated in November, prior to the Omicron variant.

“The trajectory for the recovery in passenger numbers from COVID-19 was not changed by the Omicron variant. People want to travel. And when travel restrictions are lifted, they return to the skies. There is still a long way to go to reach a normal state of affairs, but the forecast for the evolution in passenger numbers gives good reason to be optimistic,” stated Willie Walsh, Director General, IATA.

The February replace to the long-term forecast contains the next highlights:

  • In 2021, total traveller numbers have been 47% of 2019 levels. This is anticipated to enhance to 83% in 2022, 94% in 2023, 103% in 2024 and 111% in 2025.
  • In 2021, worldwide traveller numbers have been 27% of 2019 levels. This is anticipated to enhance to 69% in 2022, 82% in 2023, 92% in 2024 and 101% in 2025.

This is a barely extra optimistic near-term worldwide restoration situation in contrast to November 2021, based mostly on the progressive leisure or elimination of journey restrictions in many markets. This has seen enhancements in the key North Atlantic and intra-European markets, strengthening the baseline for restoration. Asia-Pacific is anticipated to proceed to lag the restoration with the area’s largest market, China, not displaying any indicators of enjoyable its extreme border measures in the close to future.

The outlook for the evolution of home traveller numbers is barely extra pessimistic than in November. While the US and Russian home markets have recovered, the identical shouldn’t be true for the opposite main home markets of China, Canada, Japan and Australia.

“The biggest and most immediate drivers of passenger numbers are the restrictions that governments place on travel. Fortunately, more governments have understood that travel restrictions have little to no long-term impact on the spread of a virus. And the economic and social hardship caused for very limited benefit is simply no longer acceptable in a growing number of markets. As a result, the progressive removal of restrictions is giving a much-needed boost to the prospects for travel,” stated Walsh.

Not all markets or market sectors are recovering on the similar tempo. “In normal, we’re transferring in the best course, however there are some considerations. Asia-Pacific is the laggard of the restoration. While Australia and New Zealand have introduced measures to reconnect with the world, China is displaying no indicators of enjoyable its zero-COVID technique.

The ensuing localised lockdowns in its home market are miserable world passenger numbers whilst different main markets just like the US are largely again to regular, stated Walsh.

The submit Global air traffic to exceed pre-Covid levels in 2024, predicts IATA appeared first on Travel Daily.

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