Research Briefing | Jun 2, 2021

European Research Brief | Lost summer scenario – domestic travel opportunity

Ipad Frame_European-Research-Brief-Lost-summer-scenario-domestic-travel-opportunity

Domestic travel has provided a lifeline for the Travel & Tourism industry during the pandemic, filling at least some of the void left by inbound travel. Travel restrictions across the majority of European destinations have dampened activity for most of the past year.

What you will learn:

  • The second and third waves of the virus have proliferated across Europe since the start of year, significantly stalling the reversion to norms.
  • The reintroduction of restrictive measures to combat this and a slow start to the vaccination process have cast doubt around the hoped-for boom in summer travel across Europe in 2021.
  • While a gradual easing of restrictions has now commenced in several European countries, the ‘stop-go’ nature of restrictions and extra effort and new costs involved in foreign travel, including for tests, may continue to weaken travel demand.

Tags: CEECoronavirusDomestic travelEuropeRecoveryTourismTourism recoveryTravelTravel restrictions
Back to Resource Hub

Related Services

Takaichi’s big win doesn’t affect the fiscal outlook for Japan

Takaichi’s big win doesn’t affect the fiscal outlook for Japan

The ruling Liberal Democratic Party's (LDP) landslide election victory on Sunday doesn't change our expectation of a primary fiscal deficit of 2%-3% of GDP in FY2026-FY2028 – we still see the deficit only starting to decline from FY2029. We also keep our view that the 10-year Japanese government bond (JGB) yield will be at 2.3% at end-2026 and 2.5% at end-2027 and beyond.
US and Chinese strength won’t boost all other economies

US and Chinese strength won’t boost all other economies

Upward revisions to US and Chinese GDP growth in Q4 meant that the previously anticipated soft end to 2025 failed to materialise.