InterContinental Hotels predicts full travel recovery by 2024
As air capacity comes back to China for international travel, there’ll be significant outbound travel
The hotel group, which owns 18 brands, has predicted a full recovery for travel worldwide by 2024, led by a strong US economy and the end of Covid-19 restrictions in China.
Key takeaways
- With the recovery, leisure has come back at a higher volume globally than pre-pandemic;
- In the US, IHG’s largest market, revpar was now above pre-pandemic levels;
- The rise in profits can be attributed to higher room rates worldwide.
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