December 4, 2020

Domestic Trips Will Save The Travel Industry: Say Yes To Travel – MarketScale

I personally love studying numbers trends. And right now with the travel industry being so bleak, it is a hard time. Which is why I’ve chosen to dive in deep into studying trends looking at stats facts. It’s in these figures that I really think we can have a better understing of the future.

That being said, the two key components to travel recovery will be heavily reliant on “young” travelers (aka millennials Gen Z) as well as domestic travel. Interestingly enough, the two do overlap, but they are significant enough that they need to be examined on their own.

So let’s go ahead break down some interesting numbers shared this past week.

The Youth Will Lead the Travel Rebound

According to Trip.com, travelers born after 1990 accounted for more than half of the total bookings during the recent May Day break in China. Indicating that the industry as a whole should look towards millennials Gen Z travelers to be the first to travel after the pemic.

The Timeline for Air Travel

The International Air Transport Association (IATA) forecasts that domestic air travel will return to 2019 levels by 2022. International long-haul travel on the other h is not expected to match 2019 traffic until 2024.

I found this really interesting:

Last Monday, Marriott CEO Arne Sorenson shared
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