Bhatnagar stated that demand is gradually returning to pre-pandemic levels. It has even surpassed those levels in some regions, such as the Middle East. “APAC, however, is still not where it was back in 2019, mainly due to slower outbound travel from China,” he said.
While travellers may not see prices return to 2019 levels, Bhatnagar believes the current stability points to a more balanced market where supply and demand align.
He continued, “Our view is that there has been no significant adverse movement in travel compared to last year, despite challenges like geopolitical tensions, ongoing wars, and the U.S. political turbulence. Travel has shown remarkable resilience. The industry has bounced back quickly despite turbulence in…
