This year, 120.0 million US adults will book travel via digital channels. While that figure is up 29.7 million from 2020’s pandemic low, it’s 6.2 million fewer digital travel bookers than in 2019.

Most travel booking is conducted over the internet these days, so the digital figures are a proxy for the overall industry. We estimate that roughly 70% of total US travel spending is transacted online–including about 90% of airline spending. Thus, the US travel recovery has been driven by consumers resuming their searches, clicks, and online booking for trips.

The coronavirus has upended the US travel industry. Fears of infection, governmental measures restricting travel and access to public places, and the economic downturn will depress bookings, sales and ad spending in 2020 and beyond.

Business and leisure travelers have returned to what happens in Las Vegas, as the Las Vegas Convention and Visitors Authority (LVCVA) welcomes visitors back with a new motto that touts the city’s innovative and experiential offerings. Watch Industry Voices: Spotlight on Travel with LVCVA’s Kate Wik, CMO, to learn how the destination marketer is managing visitors’ pent-up demand and shorter booking windows.

No industry has been as devastated by the coronavirus pandemic and its effects as travel. Airlines, car rental agencies, hotels and resorts, online booking services, cruises and destination marketing organizations, and business travel support services found their operations ground to a near-halt for much of Q2 2020, and the situation has barely improved in H2.

eMarketer was pleased to moderate a Tech-Talk Webinar featuring Criteo's Rory Mitchell, executive managing director, Americas. He discussed how travel and retail advertisers can prepare for the increase in travelers, and flight, hotel, and car rental bookings.

The neobank is seeking to cash in on a rebound in overseas travel with a booking product that includes 10% cashback—the launch will also let the company promote existing travel offerings and drive engagement with its app.

Standout features include cryptocurrency and stock trading, insurance, early salary access, subscription management, and travel bookings. Weakness: Lack of Full UK License. Revolut’s e-money license means that it can’t offer overdrafts, loans, or deposit accounts and doesn’t directly offer FSCS protection.

This inaugural study ranks eight leading premium travel credit cards offering 49 emerging features, weighted by demand from prospective customers.

Alerts for international debit card transactions will regain importance as travel picks up. In early July, the UK government began relaxing COVID-19 restrictions, and travel bookings are bouncing back. This makes international transaction alerts even more important for neobanks, many of which support travel- and exchange-related features to begin with.

The travel industry looks forward to a summer rebound: Will they get it, though?

The primary driver of the decrease is a sharp pullback of spending by the travel industry, which has been hit harder by the pandemic than any other industry. The travel industry, especially online travel agencies (OTAs) like Booking.com and Expedia, have traditionally been heavy search spenders, funneling billions of dollars of ad investment into Google each year.