Revenues to Grow by 20% YoY to $852B in 2023 The global travel and tourism sector is bouncing back after the hardest two years in its history, although still vulnerable to global economic conditions, the war in Ukraine, and new variants of Covid-19. According to data presented by AugustaFreePress.com, travel and tourism revenues are set to reach $716.8bn in 2022, showing a huge 45% YoY increase. The revenue growth is expected to continue in 2023, with revenues rising by another 20% YoY to $852bn worldwide. Cruise Industry still lagging behind Until the COVID-19 pandemic, the global tourism sector had seen almost uninterrupted growth for decades. With billions of dollars spent on hotels, cruises, vacation rentals, and package holidays each year, the entire market hit a $776...
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