The United Nations World Tourism Organization said in January that prospects for a rebound in travel and tourism this year “seem to have worsened” and that it could take up to four years for international tourism to return to 2019 levels.
Coronavirus lockdowns remain in force across Europe, and many countries are discouraging travel. The United Kingdom announced new rules requiring travelers from 33 countries to quarantine in designated hotels for 10 days at their own expense. Failure to comply could attract fines of up to 685,000 pesos and even imprisonment.
At the same time, COVID-19 vaccines are expected to help restore consumer confidence and allow governments to ease travel restrictions.
For travel companies, a lot hinges on the pace at which vaccine shots are rolled out. In addition, “reliable and inexpensive rapid tests” would also make it possible to open up travel and scrap quarantine regulations.