Travel demand remains volatile despite improvement: PATA

Asia is predicted to return to a significant level of dominance, supplying more than 64% of all IVAs into Asia Pacific in 2024, under each of the three scenarios, followed by the Americas and Europe. Overall, while the trends in these latest forecasts are positive, there are still challenges ahead, not the least of which will be containing the spread of the Delta and Omicron variants of COVID-19. As PATA CEO Liz Ortiguera notes, “International travel recovery to and within the Asia Pacific region is projected to return moderately over the next three years. Recovery will be uneven into the various sub-regions and destinations and will most likely still remain volatile over the next few years. Some individual destinations may see success but expedited recovery of the region requires a more collaborative approach.”