The global travel industry is poised for full recovery from the COVID pandemic this month, according to U.N. Tourism. International arrivals during the first nine months of 2024 reached 98% of 2019 levels, with a full rebound expected by year-end. The Middle East led the recovery, driven by surges in visitors to Qatar and Saudi Arabia. Asia-Pacific is projected to be the epicenter of global travel growth, with air passengers expected to double by 2042. Hospitality companies are expanding aggressively in the region.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The global travel industry is poised for full recovery from the COVID pandemic this month,
00:06according to UN Tourism. International arrivals during the first nine months of 2024
00:12reached 98% of 2019 levels, with a full rebound expected by year-end.
00:17The Middle East led the recovery, driven by surges in visitors to Qatar and Saudi Arabia.
00:21Asia Pacific is projected to be the epicenter of global travel growth,
00:25with air passengers expected to more than double by 2042.
00:29Hospitality companies are expanding aggressively in the region.