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Global travel revenue is (finally) expected to exceed 2019 levels this year, completing its pandemic recovery, as shown in the chart, despite current economic challenges like inflation. From there, global sales are expected to top $1 trillion by 2027.
Data source: Statista.
Hotels still handle the bulk of travelers, but vacation rentals are making waves. Airbnb (NASDAQ: ABNB) posted sales of $8.4 billion in 2022, 75% above its 2019 totals, as it continues making its mark on the industry.
Source Fool.com
