Post-Covid Recovery Scenarios for the Travel Industry

Ville Kaitila and Markku Lehmus

No 100, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: Abstract We assess the recovery of the Finnish travel industry from the covid19 pandemic in 2021–2023. The subject of the study is air and sea passenger traffic, the food service (restaurant) and accommodation industries. The Covid19 virus has proven to be capable of mutations, and the pandemic is by no means over. This increases uncertainty, especially with regard to the recovery of international travel. The travel industry will recover with vaccine coverage and when the pandemic will otherwise subside, but it will take a long time for business travel and intercontinental air transport to recover to pre-pandemic levels.

Keywords: Forecasting; Services; Transportation; Scenarios; Covid19 (search for similar items in EconPapers)
JEL-codes: E27 L83 L93 R41 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2021-10-29
New Economics Papers: this item is included in nep-mac, nep-ore and nep-tre
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