In 2023, the motorcoach industry emerged stronger from the pandemic, with increased travel demand leading to improved financials, adjusted business models, and higher margins.
Operators are charging higher rates while running leaner operations, reflecting a significant transformation in the industry influenced by reduced supply of coaches and increased demand.
Although inbound tourism is rebounding, it still trails behind pre-pandemic levels, indicating that despite a recovery, the sector is navigating a different market landscape.
The motorcoach industry has not only adapted to major disruptions but has also leveraged government relief funds to strengthen their positions, resulting in record revenues.
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