All studies confirm the resumption of tourism only in 2023

Now it was the turn of consultant EY to confirm in its latest report that tourism should only return to levels prior to the Covid-19 pandemic in 2023.

– In line with what industry leaders have been indicating, it seems prudent to consider that a certain normalization and return to pre-pandemic activity levels will only happen from 2023, can be read in the study ‘Knowing the challenges helps to find the way?’, now released by EY.

According to the consultant, the main challenge for the recovery of tourism is the fear of traveling, aggravated by successive mutations of viruses and advances and setbacks in travel restriction policies.

The text present in the study, signed by Luís Rosado, partner and leader of EY for real estate, hospitality and construction, stresses that the financial strength of some companies and public support solutions have been key factors for the survival of companies in the sector..

– It seems consensual that advancing the vaccination process will give travelers confidence and result in more revisable policies, with the availability of digital certificates and the maintenance of massive testing processes contributing to a gradual increase in mobility, also highlights EY, who anticipates that the recovery of tourism will take much longer than in other activities, o que will entail huge challenges in terms of solvency and liquidity, making the continuity of public support to the sector essential until there is a firm recovery..

EY also points out the problem of qualification, attraction and retention of talent in tourism, calling for concertation of the sector towards the creation of a 'talent hub', that allows to retain resources, increase the general level of quality of supply and support the consequent rise in prices and value added by the sector.

The theme of sustainability is also mentioned., that according to the report, it requires a collaboration between public policies and private agents in which they avoid the temptations to focus on immediate gains and all act towards the creation of long-term value.