European Tourism Resilient in Face of low Consumer Confidence
The European tourism sector successfully endured another challenging summer as worsening inflation and staff shortages threatened recovery. European airlines held up well, with August flight volumes down just 11% relative to 2019. Encouraging data suggests a positive outlook for 2022, with the region expected to recover close to 75% of 2019 inbound travel volumes this year.
This is according to the most recent edition of the ‘European Tourism Trends & Prospects’ quarterly report from the European Travel Commission (ETC), which predicts that Europe’s travel bounce-back will continue in the remaining months of 2022, led by cost-conscious and value-driven travel.
However, the…
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