In the latest edition of the annual GMTI series, the GMTI2021 report looks at how the pandemic has inflicted a heavy toll on the travel industry. The pandemic has had a colossal impact on the travel sector. Muslim arrivals dropped to 42 million in 2020 from an all-time high of an estimated 160 million in 2019. As we start this recovery journey, we project that the Muslim travel market will return to the 2019 levels by 2023. Take a look at our fine-tuned “CrescentRating ACES model” to reflect the current developments better. Jointly developed by Mastercard and CrescentRating, GMTI2021 is the most comprehensive research index on the Muslim travel market and Halal Tourism ecosystem.
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