The travel industry is expanding significantly this year as it bounces back from the COVID-19 pandemic-led damages. According to the United Nations World Tourism Organization (UNTWO), international tourism is on track to reach 65% of pre-pandemic levels by the end of this year. Approximately 700 million tourists traveled internationally between January and September, more than double the number recorded for the same period last year.
Moreover, investors are gaining confidence as holiday reservations keep steady despite mounting pressure on household budgets from high inflation, increasing energy costs, and rising mortgage rates.
