Canadians told to ‘pack your patience’ as inflation and airport chaos threaten travel industry’s rebound

Ongoing chaos at airports combined with sustained high inflation is dampening the momentum of the travel industry’s rebound from COVID-19, industry experts say, delaying a return to pre-pandemic numbers.

But now, a number of factors have her delaying that prediction, and she doesn’t think domestic travel will reach 2019 levels until 2023.As COVID-19 restrictions on travel loosen around the world, the air travel industry has had trouble keeping up amid labour shortages and heightened demand. But they are also increasingly buying trip cancellation and interruption insurance, knowing full well that something could go wrong during their travels, he said.

RBC economist Claire Fan said the latest data shows that airline passenger traffic in Canada is at about 80 per cent of pre-pandemic levels, compared to 50 per cent at the beginning of the year.Meanwhile, spending on all kinds of travel is above pre-pandemic levels, said Fan. Traffic usually trails bookings by a month or two, she added, so the numbers will likely keep rising as summer progresses.

In a recent survey on travel by PayPal Canada, 82 per cent of millennials said inflation is going to impact their vacation plans in 2022, including the duration of the trip as well as how much they spend while they’re away. Over the short term demand will likely continue to be high, as many people are eager to travel, have savings or vouchers to spend, and have already booked their trips, Fan said.

So much for the 'We're all in this together'. Another well-thought-out and constructive move by my PM in his plan to resign with cause.

Let's face it. Everything that Trudeau and his enablers had touched, had turned into a massive pile of excrement. Some piles, like irresponsible fiscal policies (QE fuelled housing and inflation) vaccine mandates, airport and passport office policy fiascoes keep on growing.

Thanks Trudeau

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany to fast-track work permits, visas for thousands of foreign airport workers to ease travel chaosGermany’s aviation sector now aims to bring workers with airport experience to Germany, mainly from Turkey, to work with grounds crews, including in baggage handling
Source: globeandmail - 🏆 5. / 92 Read more »

Air Canada reducing summer flights as industry faces ‘unprecedented strains’ on travel operationsAir Canada is reducing its schedule, on average, by 77 round trips, or 154 flights, a day in total for July and August Not enough give bailouts? I moved heaven and earth to get my flight. It gets cancelled then….😡😡😡😡😡😡😡😡😡😡 It's about low wages too. People go where they get enough to pay their bills.
Source: globeandmail - 🏆 5. / 92 Read more »