European travel demand expected to be just 20% below pre-Covid levels in 2022

Europe recorded a 62% decrease in international tourist arrivals in 2021 over 2019 levels, with Omicron disrupting recovery at the end of last year. Airline losses totalled 18.5 billion euros in 2021 with a staggering 1.4-1.5 billion fewer passengers than in 2019.

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