MELBOURNE, AUSTRALIA, Nov. 2, 2022 (GLOBE NEWSWIRE) — Inspiring Vacations offers exciting global experiences including: Tour to Alaska, scandinavia tour Everywhere in between, the pace of recovery in the tourism industry is strengthening as more places ease or lift travel restrictions, releasing demand that has been pent-up during the pandemic.
Inspiring Vacations said certain factors pose risks to the global travel industry recovery, including rising inflation, high energy prices, airport labor shortages and lockdowns in China.
Despite these concerns, annual report A report produced by the London-based World Travel and Tourism Council (WTTC) shows that the Asia-Pacific region is expected to recover at an incredibly strong pace. The report highlights that in 2020, Asia-Pacific tourism revenue fell by 59%, more than any other region in the world.
Alaskan tour operators say the travel industry’s recovery has been slow in 2021 as most countries in the region maintain strict border restrictions. According to a WTTC report, tourism receipts in the Asia-Pacific region contribute only 16% to the region’s gross domestic product, compared to 28% in Europe and 23% in North America.
However, this year’s WTTC report shows that Asia-Pacific travel revenues are expected to contribute 71% to the economy as a whole. According to Inspiring Vacations, travel in the region has surged, with most countries easing or lifting restrictions.
The WTTC report expects the Asia-Pacific travel industry to continue gaining momentum with positive growth forecasts for 2023 and 2024. By 2025, travel revenue is projected to contribute 32% more to the region’s GDP than pre-pandemic levels.
In even more exciting news for the industry, the WTTC report predicts that 126 million new jobs will be added over the next decade, with 65% of new jobs expected to be in the Asia-Pacific region.
A proudly Australian owned and operated company, Inspiring Vacations offers tours to suit everyone at unbeatable value for money. guided tours of Alaska, Tour to Scandinaviacontact Inspiring Vacations.
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