Gulf tensions reshape global travel patterns; demand remains resilient: Report
New Delhi, June 23 -- Geopolitical tensions in the Gulf region are reshaping global travel patterns and disrupting the summer travel market, but overall demand for travel remains resilient signalling a recovery, according to a report by McKinsey.
The report noted, despite the signs of changing dynamics in the Gulf region, ongoing geopolitical disruptions continue to reshape global travel patterns, affect airline operations, and challenge tourism markets worldwide. "People still want to see the world, but geopolitical tensions and potential continued airfare increases are leading some travelers to take a wait and-see approach--hoping for greater clarity and confidence before booking their journeys," the report noted.
Noting that "hospita...
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