Travel Industry Predictions

Written by: Ava Kiel 

I predict the travel industry will take the longest to fully recover from the coronavirus, however the industry will drastically spike soon. 

International countries that are vacation-populated rely heavily on the travel industry. Some countries have a high share of GDP generated by travel and tourism. Take Macau, China for example; it is famous for the blend of Portuguese and Chinese cultures, the architecture, and it’s gambling industry. 50.2% of Macau’s economy solely depends on tourism- which is the most out of any other country worldwide. 100 to 120 million direct tourism jobs were put in jeopardy when Covid-19 came around. Now in 2022, as society is slowly coming back to how it was pre-pandemic, many tourism jobs are still predicted to remain unfilled. 

With these negative effects, I do however believe there to be an increase in demand for travel within these next few years. With canceling vacations during the pandemic, people are now planning to make up for lost time post pandemic. Whether it’s by car, train, airplane, etc., more people will hit the road. According to AAA Newsroom, “Airlines will see a 184% increase from last year”. The economy for those countries that rely on tourism are starting to see hope again. Using the example of Macau again, businesses would rely on international tourists before. Now, businesses like restaurants have been leuring in the locals as well. Special deals are offered to generate more business. With the Covid vaccines and protocols, more protection is shown to make people feel traveling is an option once again. 

People cannot wait to get out of their houses to travel, vacation, or see family; which is why I predict there to be a drastic spike soon in the tourism industry, even though it will take the longest to fully recover from the coronavirus. 

Shown above is a graph of the countries’ economies that rely most heavily on the tourism industry. This source is created by Rachel King, an author for Statista. 

Works Cited

Leposa, Adam. “Stats: Travel Industry Second-Fastest Growing Sector in the World.” Travel Agent Central, 27 Feb. 2019, www.travelagentcentral.com/running-your-business/stats-travel-industry-second-fastest-growing-sector-world.

Published by

                                    Statista Research Department, and Feb 4. “Countries with the Highest GDP from Travel and Tourism 2019.” Statista, 4 Feb. 2021, 

www.statista.com/statistics/1100368/countries-highest-gdp-travel-tourism/.

Torkington, Simon, et al. “This Is the Impact of COVID-19 on the Travel Sector.” World Economic Forum, www.weforum.org/agenda/2022/01/global-travel-tourism-pandemic-covid-19/.