This recovery is a much-needed respite for the aviation and hospitality industries. A recent report on post-Covid-19 hotels in the Asia Pacific (APAC) region by investment firm DWS found that the recovery in air passenger traffic is underway.
The pandemic put the brakes on international travel in early 2020. But now, global travel is on a solid rebound, despite the intermittent resurgence of Covid-19 variants.
According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals worldwide during the first five months of this year recovered to almost half of pre-pandemic 2019 levels, led by solid recoveries in Europe and the Americas, which returned to 60% of 2019 levels.
