Europe Expects Travel Demand to Normalize by 2024

Travel culture

Due to the pandemic air travel is struggling with low demand. Analysts are estimating that it will take longer to get the same amount of demand as it was pre-pandemic, according to the latest industry forecast.

Trade body ACI Europe, which represents European airports. It expects that passenger numbers will not recover until 2024, one year later than it predicted in May.

These predictions are on the bases of numbers of passengers traveled in June. However, there is an increase in air travel as the countries were easing the lockdown restrictions. But it has been slower than anticipated.

However, the number of passengers who traveled across European airports was down by 93 percent in last month. As compared with June 2019.

This was an improvement on the 98 percent year-on-year decline as in May. But highlights how far the industry has to go to recover from the pandemic.

Slow Recovery

ACI Europe director general Olivier Jankovec said, “The recovery in passenger traffic is proceeding at a slower pace than we had hoped for.”

“This was the case in June, and initial data for July also indicates we’re likely to recover only 19% of last year’s traffic. Rather than the 30%, we had forecast.”

“This is down to the still incomplete lifting of travel restrictions within the EU/Schengen area and the UK. As well as the permanence of travel bans for most other countries.”

“The fact that EU and Schengen states have not yet managed to effectively co-ordinate. And align over their travel policies does not help. As it is not conducive to restoring confidence in travel and tourism in the middle of the peak summer season.”

Mr Jankovec warned that liquidity for airports will “remain an ongoing concern through the winter”.

In addition, he said, that many airports, especially smaller, regional sites – will need “financial relief”.

However, the UK has lifted the quarantine requirements for passengers returning to or visiting the UK. Easing this restriction for around 75 countries and territories last week.

However, travelers coming from countries that are not on the UK’s safe-countries list will have to quarantine for 14 days.

Impact on overall Travel Industry

The UK lifted the lockdown restriction to help the airline industry and the tourism industry. So they start recovering from the losses they had to bear due to the coronavirus pandemic.

UK airlines are struggling to cope with the collapse in demand caused by the coronavirus crisis. Airlines such as EasyJet, British Airways, and Virgin Atlantic all announcing job cuts and a reduction in their operations.

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