European Tourism 2021 – Trends & Prospects (Q2/2021)
The latest quarterly travel forecasts for the European region produced for the European Travel Commission (ETC).
Tourism Economics and the European Travel Commission (ETC) jointly produce quarterly travel forecasts for the European region. Our Q2/2021 report analyses the status quo of the travel and tourism sector in Europe. Additionally, it highlights the Prospects for Recovery from Long-Haul Markets and analyses the immediate and longer-run growth potential by major source market.
European travel demand remained weak in early 2021 as international tourist arrivals dropped 83% in the first quarter of the year compared to the same period in 2020. Improvements in vaccination rates continue to strengthen the upside potential for Europe. We expect travel demand to pick up considerably in the second half of 2021, though international arrivals will remain well below 2019 levels.
Our consulting team at Tourism Economics are the world’s leading analysts of the global tourism and travel sector. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Becky Hindley
+44 (0) 203 910 8148
Email
Americas
Ryan Lynch
+1 646-648-2137
Email
Asia
Michael Shoory
+44 (0) 1865 95 2392
Email
