IATA: All the indicators are people have retained a need and desire to travel

    IATA stated (27-May-2021) that while the damage of the COVID-19 crisis “will be felt for years to come”, all the indications are that people “have retained their need and desire to travel”. These include:

    • Any possibility for borders to re-open is met with an instant surge in bookings, as exemplified by the 100% spike in bookings from the UK to Portugal when the UK‘s “Green List” was announced in early May-2021;
    • The economy is strong and can fuel growth in travel. Feb-2021 industrial production levels stood at 2% above Feb-2019 levels;
    • Consumers have accumulated savings in the lockdowns, in some cases exceeding 10% of GDP;
    • Vaccination rates in developed countries (with the notable exception of Japan) should exceed 50% of the population by 3Q2021. [more – original PR]
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