The Comeback of Travel: Types of Fraud to Look Out For

The travel industry is thriving following the pandemic, with “revenge travel” becoming the buzzword of the year. Many are making up for lost time and experiences, and with the rising popularity of remote working, the travel industry is experiencing a resurgence. In fact, revenue in the travel and tourism market is projected to surpass an astronomical USD 850 billion in 2023, higher than pre-pandemic numbers.

But at the same time, the travel industry is a hotbed for fraudulent activity. The high resale value of purchases such as flight tickets and hotel bookings makes it an attractive target for fraudsters. Because of this, it’s important to be aware of the types of fraud that can take place in the travel industry.