Thursday, February 22, 2024
spot_img
HomeNewsCaribbean NewsTourism on track for full recovery, UNWTO

Tourism on track for full recovery, UNWTO

MADRID, Spain, (UNWTO)International tourism is well on its way to returning to pre-pandemic levels, with twice as many people travelling during the first quarter of 2023 than in the same period of 2022.

New data from UNWTO: What we’ve learned

The second UNWTO World Tourism barometer of the year shows that the sector’s swift recovery has continued into 2023. It shows that:

  • Overall, international arrivals reached 80 percent of pre-pandemic levels in the first quarter of 2023;
  • An estimated 235 million tourists travelled internationally in the first three months, more than double the same period of 2022.
  • Tourism has continued to show its resilience. Revised data for 2022 shows over 960 million tourists travelling internationally last year, meaning two-thirds (66%) of pre-pandemic numbers were recovered.

Recovery by region in Q1 2023:

  • The Middle East saw the strongest performance as the only region exceeding 2019 arrivals (+15%) and the first to recover pre-pandemic numbers in a full quarter.
  • Europe reached 90 percent of pre-pandemic levels, driven by strong intra-regional demand.
  • Africa reached 88 percent and the Americas about 85 percent of 2019 levels.
  • Asia and the Pacific accelerated its recovery with  54 percent of pre-pandemic levels, but this upward trend is set to accelerate now that most destinations, particularly China, have re-opened.

The UNWTO data also analyses recovery by sub-region and by destination: Southern Mediterranean Europe and North Africa have also recovered pre-pandemic levels in Q1 2023, while Western Europe, Northern Europe, Central America and the Caribbean all came close to reaching those levels.

What it means:

UNWTO secretary-general Zurab Pololikashvili, says:

“The start of the year has shown again tourism’s unique ability to bounce back. In many places, we are close to or even above pre-pandemic levels of arrivals. However, we must remain alert to challenges ranging from geopolitical insecurity, staffing shortages, and the potential impact of the cost-of-living crisis on tourism, and we must ensure tourism’s return delivers on its responsibilities as a solution to the climate emergency and as a driver of inclusive development.”

International tourism receipts grew back to hit the USD1 trillion mark in 2022, growing 50 percent in real terms compared to 2021, driven by the important rebound in international travel. International visitor spending reached 64 percent of pre-pandemic levels (-36% compared to 2019, measured in real terms). By regions, Europe enjoyed the best results in 2022 with nearly USD 550 billion in tourism receipts (EUR 520 billion), or 87% of pre-pandemic levels. Africa recovered 75 percent of its pre-pandemic receipts, the Middle East 70 percent and the Americas 68 percent. Due to prolonged border shutdowns, Asian destinations earned about 28 percent.

International tourism receipts:
Percentage of 2019 levels recovered in 2022(%)*

A Flourish chart

Looking ahead: What’s in store?

The Q1 2023 results are in line with UNWTO’s forward-looking scenarios for the year which project international arrivals to recover 80 to 95 percent of pre-pandemic levels. UNWTO’s panel of experts expressed their confidence in a strong peak season (May-August) in the Northern Hemisphere, reflected in the latest UNWTO Confidence Index which indicates performance for the period is on track to be even better than 2022.

However, tourism’s recovery also faces some challenges. According to the UNWTO panel of experts, the economic situation remains the main factor weighing on the effective recovery of international tourism in 2023, with high inflation and rising oil prices translating into higher transport and accommodations costs. As a result, tourists are expected to increasingly seek value for money and travel closer to home. Uncertainty derived from the Russian aggression against Ukraine and other mounting geopolitical tensions, also continue to represent downside risks.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

Encouraging economic developments at 107th meeting of ECCB Monetary Council, says PM Pierre

By Caribbean News Global ST KITTS / ST LUCIA - The 107th meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB)...

Global News

Taiwan – Japan envisions deeper relations

Taiwan Semiconductor Manufacturing Co.’s fabrication plant set to launch February 24 in Kumamoto prefecture TAIWAN / JAPAN, (Taiwan Today) - Taiwan's Vice President Lai...