HEADWINDS

Travel 'Health Index' Shows Industry Recovery Stalled Since JUN

People walking in airport.
Via Pixabay.

Travel industry researcher Skift has been tracking the real-time performance of the travel industry in 22 countries, focusing on key travel sectors such as aviation, hotels, vacation rentals and car rentals.

The latest Skift Travel Health Index shows uncertainties and headwinds that suppress overall growth of the travel industry and are holding back industry recovery to pre-pandemic levels. The Index has now been sitting around the 85 per cent mark since JUN, and has not been able to break through that level.

In the OCT 2022 report, the global average score of the Skift Travel Health Index dropped three percentage points to 84 per cent compared to OCT 2019. Although this is a month-over-month decline, it is still 19 percentage points higher compared to OCT 2021.

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Regionally, the numbers tell a different story.

Global performance overall is being pulled down by the weak Asia Pacific region, which has been among the slowest to re-open and recovery. That area, according to Skift, is seeing very slow recovery of metrics across all stages of the travel experience, with searches and actual performance (including data for seat capacity, load factors, and passenger volumes) at around half of pre-pandemic levels. Bookings for future flights are also low at only 30 percent of 2019 levels, which indicates that weakness will continue for the foreseeable future.

On the other hand, North America is showing strong forward momentum with booking levels falling only 1 per cent short of 2019 levels, and actual OCT performance at 93 per cent.

For more detail, visit Skift Travel Health Index.

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