This Memorial Day is expected to be the busiest travel day in two years, with more than 39 million people expected to travel this Memorial Day weekend, marking an increase of about 8% from the last year. The unofficial start to the summer is expected to see travel volumes almost in line with pre-pandemic levels. “Based on our projections, summer travel is not just heating up, it will be on fire. People are overdue for a vacation, and they are looking to catch up on some much-needed R&R in the coming months,” said Paula Twidale, senior vice president of AAA Travel. This bodes well for the travel industry.
Also, according to the World Travel & Tourism Council (WTTC), the U.S. Travel industry could top pre-pandemic levels in 2022, accounting for nearly $1.50 trillion in the U.S. GDP. And the global Luxury Travel market is expected to reach $10.90 billion by 2026, growing at an 8.4% CAGR.
