One-fifth of countries have returned to at least 90 per cent of pre-pandemic levels for domestic flight bookings with Australia surpassing the global average with bookings at 116 per cent.
The disclosure came at a report polled by Mastercard titled ‘Recovery Insights: Ready for Takeoff?’, said a press release on Wednesday.The report also draws on aggregated and anonymised sales activity across the global Mastercard network, along with third-party data sets and proprietary analysis by the Mastercard Economics Institute, to better understand the next phase for travel, its drivers and challenges. This includes the balance between leisure and business, local and long-distance, and saving and spending. The report also looks at the spending categories seeing an uptick and what they signal for travel recovery.
The report revealed that business travel lags behind leisure travel by approximately four months globally. Business travel is showing recovery signs worldwide, with Australian domestic business travel bookings at nearly 80 per cent of pre-Covid levels, and US domestic business travel back up to just over half of its 2019 average level.