Research Briefing | Jun 23, 2021

Global travel outlook: highlights & risks – June 2021

The first page of Oxford Economics' Research Briefing titled Global travel outlook highlights & risks which is released in June 2021

Successful vaccine rollouts continue to improve the upside potential for global travel following a depressing start to the year. Advanced vaccination rates have increased the possibility for countries to maintain low coronavirus cases, ease domestic restrictions and be able to start a gradual lifting of international restrictions.

Our latest forecast update reveals that domestic travel will outpace international travel again in 2021, remaining only 12% below 2019 levels, with a full recovery expected in 2022. Global international arrivals are to remain 59% below pre-crisis levels, with restrictions being eased very tentatively on average and traveller confidence taking longer to fully recover.

Download this 10-page report to the find out latest global macroeconomic forecasts, and the travel and tourism outlook for Europe, America, Asia Pacific, Middle East and Africa.

 

Back to Resource Hub

Related Services

Post

Housing supply front and centre for policy makers

The passing of the previously delayed Housing Australia Future Fund (HAFF) means that all the Albanese government's announced housing policies are now in place. These policies represent a minimum funding pool of $5.5 billion stretching to the end of the decade, potentially lifting as high as $10 billion if all targets are met and excess fund returns achieved.

Find Out More
BoJ will continue effective zero interest rate policy anyway

Post

BoJ will continue effective zero interest rate policy anyway in Japan

The Bank of Japan (BoJ) maintained the policy rates at its September meeting, following a tweak in its yield curve control policy in July. Although this decision was widely expected, the markets are starting to speculate policy changes within the coming quarters, especially after the BoJ governor's recent interview.

Find Out More