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The domestic market accounted for only a third of typical annual trips and was partly supported by regional trips, which started to increase in the summer. The international market has shrunk by more than 80% from last year, with inbound international travel frozen since April.
“With a generalized vaccination plan taking shape for the first quarter of 2021, the prospects for a recovery in regional and short-haul domestic travel will start to increase the rate of visits in late spring-early summer,” the agency said. “If advances in health align with lifting restrictions on activities and gatherings, the pace can change more quickly. ”
Officials said the international market would take longer to catch up, but could welcome 2 million visitors by the end of the year.
“Given the uncertainty generated by the pandemic for economic recovery and consumer confidence in travel, the conservative outlook takes us until 2024 to exceed the 2019 benchmark,” the agency said. “The industry as a whole could return to 2019 levels in three years, particularly if business travel restrictions affecting major events and meetings are relaxed in 2022. At the same time, New York’s strong position with International travelers could help revive the cautious global travel market. earlier. ”
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The agency said it should be noted that international travel after September 11, 2001 took four years to fully recover.
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