Leisure demand leadingglobal rebound
Gltdl tavelhas rehounded
strangty in the face of maunfngeconorric pessures,indudingrdl ation,higher irterest rates,nd squeeed hauschddburgeis.Despite these
headwinds the number af
rter nationdl tris in 2023 shoudevcsed 126 blion,equivdentto869%of dernand in 2019.Thiswould surpass hietonicdl demandvdumes in dl but iree yearspricr to the pandemic (201719)
The lesure travdl eoovery hasbeen sranger than for businessarather travdl and ourrentyaccourts er amund 609%afaltourism trios.The numtber afkeisure tries takenin 2023 wllbe just 10%laer thanduringthe priar peakin 2019,andtherecovery seidentin mostregiors wor twite,with the
eoceptian of Axis-Pacific.Lesuretravel to the Mictle East standsout far its posifve perfamance.aded by same Large event,withkisure arrivds articipated tobe13%higher n 2023 thanin 2019.
Trand spending hy nbound
visifors wll exceed pre pandemicleves inmast dobalregionsin2023 as werag spendngpertrio has dkonsen,partly due tohgher pices,but aso pnaaidngLrge eomamic benefts.Theeoceptionsare mostty in Asis-Pacife where many desfnationswere slower toreopen afer
prdenged COWD-19restrictins.but these are naw asorecovering strangy-
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