Travel Industry Forecast

July 22nd, 2022

What is your company doing to accommodate an influx of travelers?


Today’s post is by Patrick Quinn Sourcing Specialist at SafeSourcing Inc.

Despite the bleak economic forecasts blared in your face week after week, the world must keep turning. Though many industries might be seeing slowdowns, others are weathering the storm, and even seeing record growth.

Naturally, the travel industry has nowhere to go but up from its effective suspension in 2020 and travel related businesses have been making strides back to expected activity. According to polls, by the end of 2022, nearly two-thirds of Americans will have taken a trip for leisure, and 38% of those trips will be an international trip. The future looks even stronger, as half of Americans intend to take an international trip by the end of 2023 as well. In fact, a quality vacation is a priority over even new vehicles and home improvement projects!

SafeSourcing is an eProcurement offering a full suite of procurement tools. We strive to provide up to date information across multiple industries, and offer the tools to assist your business such as our SafeSourcing Wiki, and SafeSourceIt Global Suppliers Database. To learn more, please contact a SafeSourcing Customer Service Representative.




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