Expedia: Well-Positioned For Growth Amid Online Travel Boom

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HAKINMHAN The easing of pandemic restrictions unleashed pent-up travel demand in 2023, and 2024 could be another banner year with airlines projected to hit record traffic and revenue. According to the IATA, nearly 4.7 billion people are projected to travel in 2024, a record high surpassing the 2019 pre-pandemic level of 4.5 billion. Global passenger totals in 2023 reached 110% of 2019 levels and could hit 120% by 2025, driven by explosive growth in the Asia-Pacific region. IATA Passenger Growth Forecast by Region IATA Passenger Growth Forecast by Region (IATA Global Outlook for Air Transport) The online travel industry is...