By 2023, the European hotel and vacation rentals market is expected to fully recover from the negative effect of the COVID-19 pandemic and shoot well beyond the highest pre-pandemic level of 2019. Slower but steady growth is forecast into the future beyond 2023, signifying that tourism will be here to stay.
Travel accommodation sector expected to exceed pre-pandemic level in 2023
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This infographic shows the total revenue from hotel and vacation rentals market in Europe from 2017 to 2027 compared to 2019 levels.