‘Revenge travel' started in 2021, but it's really coming back with a vengeance in Summer 2022 [MarketWatch]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: MarketWatch
Referenced Symbols The term “ revenge travel ” became a popular way to describe consumers dusting off their itineraries shelved by the pandemic, but 2022 is poised to be an even bigger payback to those dog days of 2020. That's because travel and all its incidental spending is back with a vengeance even compared to last year, according to new Mastercard findings — perhaps a surprise for some during a time of decades-high inflation. There will be 1.5 billion more passengers across the world flying this year compared to 2021 if flight bookings keep ascending at their current trajectory, Mastercard MA, said, using data estimates with a global scope. That figure includes the revival of business travel, as more companies put a premium on in-person meetings and weekly face-to-face work schedules. The projection includes approximately 365 million more people in the U.S., Canada and Mexico who are likely to take to the skies this year compared to last year, Mastercard added. “ ‘No o
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