The pandemic and subsequent recovery battered the global travel industry. At first, cratering demand led to mass layoffs among cruise lines, airlines, hotel groups and other enterprises dependent on travel. Once health risks receded, there was a sudden increase in demand, catching many travel businesses off guard. Supply chain kinks, soaring energy costs, rampant delays and understaffing led to months of traveler misery that has only recently eased up.
Despite the rocky road, travelers apparently will not be deterred from their trips, according to a new report on the surprising strength of the travel industry.
