Post-Covid Recovery Scenarios for the Travel Industry

Abstract

We assess the recovery of the Finnish travel industry from the covid19 pandemic in 2021–2023. The subject of the study is air and sea passenger traffic, the food service (restaurant) and accommodation industries. The Covid19 virus has proven to be capable of mutations, and the pandemic is by no means over. This increases uncertainty, especially with regard to the recovery of international travel. The travel industry will recover with vaccine coverage and when the pandemic will otherwise subside, but it will take a long time for business travel and intercontinental air transport to recover to pre-pandemic levels.

Publication info

Research group
Macroeconomy and public finances
Series
ETLA Muistio - ETLA Brief 100
Date
29.10.2021
Keywords
Forecasting, Services, Transportation, Scenarios, Covid19
ISSN
2323-2463
JEL
E27, L83, L93, R41
Pages
5
Language
Finnish