Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
Travel Recovery begins toTake Off
 
Travel Recovery begins toTake Off
- “Fear of Missing Out” and a “catch up” in business travel and bookings leads to short-term increase in business travel
- Summer travel surge expected to continue for the rest of the year
- Last minute vacations are driving leisure travel to a fast recovery
- Travelers broadly comfortable with COVID Passports
 
Dubai, United Arab Emirates, August 18, 2021:  Almost 70% of global consumers plan to travel domestically within the next six months, yet less than 10% have booked their trips according to a new survey from consulting firm Oliver Wyman.
“The summer travel surge is just the beginning of a recovery that seemed almost impossible a little more than a year ago,” said Michael Wette, Head of IMEA Transportation & Services, Oliver Wyman. “We expect to see a continued desire for leisure travel through the end of the year and travel providers should anticipate a sustained leisure recovery with strong bookings continuing at least through the end of the year.”
“The travel industry continues to be a part of the diversification strategy for governments in the Middle East region and in the UAE in particular. There will be an even greater level of leisure and business travel due to major events and exhibitions like Dubai Expo 2020, the Dubai Airshow and ADIPEC being hosted.”
The survey findings revealed the following:
 
Leisure travel
• 76% of respondents expect to travel the same or more post-COVID for leisure
• Traffic out of US airports will match and may even exceed the rate of pre-pandemic travel sometime in early 2022.
• International leisure travel continues to be the most impacted by the pandemic, as most travelers opt to stay closer to home.  The Chinese (81%), United States (67%) and Australian (62%) travelers will prefer to travel domestically when restrictions are lifted. Whereas Canadians (54%) and most Europeans will favour international trips, mostly short hall.
 
Business travel
• Business travelers are optimistic about the return of corporate trips. Globally, about 75% of business travelers expect to travel the same as or more than they did pre-pandemic. 
• There will be a “catch up” in business travel and bookings will spike significantly in the near-term. However, changing company policies and the effectiveness of teleconferencing may reduce the long-term need for business travel.
• Business travel will also differ greatly by country. For example, business travelers in the US, China, and Australia are primed to travel significantly more than they did pre-COVID, while Europeans still plan to travel less than before the pandemic.
“Business travel is being driven by fear of missing out,” added Wette. “The survey reveals that 80% of business travelers expect to travel the same or more after the COVID crisis, due to increased activity or in some case inefficient teleconferencing. Business travel will also be driven by the need to reconnect with teams, especially in the short-term.”
Key factors for travel
• Price is the most important criteria in travel decisions and has been throughout the pandemic, with 66% of global travelers ranking price as one of their top three factors to purchase a flight.  
• Cleanliness is becoming a less important factor in travel decisions as we get further away from the height of the pandemic.
• While more airlines promote their environmental sustainability measures, only 17% of consumers globally and 12% of US consumers consider this as a top three factor when deciding about one flight over another.  Overall, environmental sustainability measures continue to rank last across all three surveys.
• Globally almost 70% of travelers are willing to enroll in a digital identification program, which would include vaccine status and other healthcare data. Vaccinated respondents are more willing to share their data, compared to unvaccinated travelers.
“The industry faces significant challenges, especially around the new Delta variant and a possible overall talent shortage, but demand for consumer travel will push the industry back sooner than we initially thought,” said Bruno Despujol, a partner with Oliver Wyman.


Posted by : Dubai PR Network Editorial Team
Viewed 7381 times
PR Category : Travel & Tourism
Posted on : Wednesday, August 18, 2021  1:00:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Mohammed bin Rashid Announces UAE Golden Visas for Humanitar...
Next Story : Airbus Celebrates the 1,000th Aircraft Covered by Flight Hou...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora Introduces New Limited-Edition Charm in Support of Unicef [12152-Views]
New Program for Saudi Arabia Healthcare Professionals Targets Healthcare Management in Qat... [7208-Views]
Ixora Organic Beauty Continues Its Fight for Health With Its Latest Breast Cancer Awarenes... [5744-Views]
Toric Hemispheres Retrograde Steel Blue The Distinguished Traveler [4301-Views]
Dazzle This Diwali Season With Tanishq [4075-Views]
Ministry of Health to Showcase State-of-the-Art Digital Health Services at GITEX Technolog... [3989-Views]
Gift of Gold - Get Guaranteed Gold Coins with Malabar Gold & Diamonds [3952-Views]
Story of Hope: UAE Resident Shares the Importance of Early Detection this Breast Cancer Aw... [3829-Views]
Rashed Clinches Third World F2 Crown With Victory in Portugal [3706-Views]
QNET Supports Community Activity to Raise Funds for Indus Hospital in Pakistan [3702-Views]
Zoho Unveils New Cutting-edge Apps and Services in Zoho One, The Operating System for Busi... [3682-Views]
Tribal Thumka Is Back With a New Flair! [3641-Views]
Rivoli Group Launch OMEGA's New ad Campaign for the 007 Edition timepiece on Burj Khalifa [3583-Views]
Dubai Municipality Celebrates World Food Day [3579-Views]
The 2020 Edition of Happiest Workplaces in the Region Revealed [3374-Views]
QS Arab Region Rankings 2022: Abu Dhabi University Ranks Among the Top 21% of Educational ... [3350-Views]
Food Waste takes the stage to mark World Food Day at EXPO 2020 [3321-Views]
UAE Government Leaders, African Ministers and MIT Expert Share Insights on Day 1 of GITEX ... [3210-Views]
Union Coop Humanitarian Support Program': Employees Contribute AED 1,344,000 since 2018 [3186-Views]
Dubai Culture and Letswork Collaborate to Provide Creative Spaces in Dubai [3128-Views]
Past and Present Students Sing the Praises of GEMS Modern Academy as it Celebrates 35 Year... [3067-Views]
Dubai Health Authority Honoured for Excellence in Implementing Business Process [3059-Views]
Samsung Announces New Artificial Intelligence Course to Empower Young People Across the UA... [3030-Views]
'Astronomer's Paradise' Chile Lines Up Space Week Programmes at Expo 2020 Dubai [3026-Views]
The Swiss Pavilion Highlights Education, Innovation & Research during Space Week [2968-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories