The comprehensive report from MMGY Global reveals the importance Hispanics place on representation in travel marketing and the power of travel to connect with family and culture
Business Travel Continues Slowed Recovery While Some Companies Consider New Travel Program Approaches
In the 2020 report, The travel industry turned upside down, McKinsey & Company partnered with Skift Research to document the unprecedented impact that COVID-19 had on the travel sector. One year later, we find that the travel sector is bouncing back -yet recovery still has a long way to go.
While uncertainty continues to dominate headlines, there is a new constant that remains chronically underreported. Booked travel. In fact, its now been four consecutive months that hotel bookings globally have remained over 60% of 2019 levels. As I write this, theyre sitting at 70% their highest point since the pandemic began. Lets examine why.
U.S. airlines carried 61.4 million systemwide (domestic and international) scheduled service passengers in June 2021, seasonally adjusted, according to the Bureau of Transportation Statistics (BTS). The airlines carried 10.9% more passengers, seasonally adjusted, in June of this year than in May and 302% more than in June 2020, but 20% fewer than in pre-pandemic June 2019.
Air Travel Passenger Trips Decrease 10% Month Over Month
U.S. airlines carried 207% more scheduled service passengers in July 2021 than in July 2020 (preliminary) but 15% fewer passengers than in pre-pandemic July 2019, according to data filed with the Bureau of Transportation Statistics (BTS) by 24 airlines that carry more than 90% of passengers.
U.S. scheduled passenger airlines reported a second-quarter 2021 after-tax net profit of $1.0 billion despite a pre-tax operating loss of $3.6 billion. The second-quarter results represent the first quarterly profit since the fourth quarter of 2019, the last quarter before the COVID-19 pandemic began.
When examining the latest Air Ticketing Data for industry partner CAPA, a clear observation is that travel recovery is performing at a different pace from country to country even if you are in the same region!
The majority of both groups are making plans, but how they travel may differ