Global leisure and business flights topped pre-pandemic levels for the first time this spring, despite rising costs and geopolitical uncertainty.
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019.
Like airlines, global spending for cruises, buses and passenger railways rose sharply earlier this year, with tourist car rentals in March surpassing 2019 levels, according to Mastercard Economics Institute's 2022 travel report.Business flyers, who have trailed leisure passengers for the entire pandemic, are returning to the skies as well.
"Despite a delayed recovery compared to the West," said Mann, "travelers in Asia Pacific have demonstrated a strong desire to return to travel where there have been liberalizations." Incomes are expected to grow in response to inflation, but this will happen faster in developing economies, according to the report.
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