Led by domestic tourism and non-air travel, global consulting firm McKinsey believes it will take until late ’23 or early 2024 for tourism to return to pre-COVID 19 levels. Of course, there are other mitigating factors such as the perceived safety and overall attractiveness of the destinations as they compete for shrunken tourism spending and lifting of international travel sanctions.
Additionally, the contracted air travel industry will remain a strong influencing factor due to travel restrictions, perceived safety concerns and reduced flights and seat supply from the airlines.
You can read the entire article by going here: https://www.mckinsey.com/industries/travel-logistics-and-transport-infrastructure/our-insights/covid-19-tourism-spend-recovery-in-numbers
