Phocuswright 2023: Phocuswright predicts $1.4 trillion in travel bookings for 2023

Phocuswright research projects $1.4 trillion in global travel gross bookings in 2023, just four per cent below 2019 levels. The United States travel market grew to $422 billion in 2022, becoming the first major travel market globally to surpass its 2019 size.