Global Travel Recovery Index

Even though the US and LATAM continue to face a rise in the number of daily cases; to everyone’s surprise travel numbers have been witnessing a steady growth in the region helping the Travel Recovery Index to move to 43.
The report this week features insights from BCV, highlighting the fact that close to 40% of questions posted by users in May and June on social media were related to ‘Property opening’, an encouraging sign for hoteliers as it shows higher intent of travel amongst U.S. travelers.
In other parts of the world, the flight vertical, which has seen very little movement since April, is finally starting to show an upward trend. Flight searches and capacity in Europe is witnessing the highest increase even though some countries bring back partial lockdowns to curb the spread of the virus.
With the news of successful vaccine trials, the entire industry is now hoping that the worst is behind us and we are moving towards a #bettertomorrow.

Weekly Reports

Recovery Index for Month of August
Recovery Index for Week Ending July 19
Recovery Index for Week Ending July 12
Recovery Index for Week Ending July 5
Recovery Index for Week Ending June 28
Recovery Index for Week Ending June 21
Recovery Index for Week Ending June 14
Recovery Index for Week Ending June 7
Recovery Index for Week Ending May 31
Recovery Index for Week Ending May 24

About #BetterTomorrow

Travel industry is having a hard time. With increased travel restrictions and the situation in hand, hotel reservations are plummeting by day. Cancellations too are all time up. Simultaneously, airlines are suspending operations. Multiple cruise ships are stranded. Industry events are either cancelled or rescheduled. The problem in hand seems bigger than any other we have faced in the past. It, thus, requires all of us to work together to mitigate the impact while ensuring the safety of everyone. We, at RateGain, are trying to do our bit. We have pledged to co-create a #BetterTomorrow for the industry. We have created a one-stop-shop for all information and insights that the travel industry needs to act upon. We are enabling the industry leaders with actionable insights through research.