Research Briefing | Dec 14, 2021

Global Key Themes for Travel and Tourism in 2022

Key themes in travel & tourism for the coming year - iPad

Recovery in international travel will gather pace during 2022, but there will be some further reductions in activity early in the year along with clear risks related to the new Omicron variant. Short-haul intra-regional travel is still likely to see fastest recovery.

What you will learn:

  • Domestic travel continues to lead the recovery, thanks to ongoing substitution from international travel. The domestic share of total travel is expected to fall back in 2022 but will remain well above the pre-pandemic trend.
  • Recovery in international travel will lag in Asia-Pacific, including greater substitution towards domestic travel. This is notable in China, and although it is not expected to make the slowest recovery, its scale makes it critical. 
  • Transatlantic travel reopened in November 2021, and, while some restrictions have been reimposed in response to the rapid spread of the Omicron variant, continued vaccine roll-out and improvements in treatment should allow easing in early 2022. 
Tags: CoronavirusDomestic travelGlobalInternational travelRecoveryTourismTravelTravel operations
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.