United Airlines is pushing a big pile of chips into the middle of the table on its bet that there will be a full recovery of international travel—by Americans—in 2023.

Unfortunately for the US hotel and hospitality industry, the surge in Americans traveling to Europe may be a one-way street in terms of tourism, as few observers are predicting a huge influx of international travelers heading for the US anytime soon.

The commercial passenger jet giant is projecting "historic levels of demand" next summer involving Americans visiting Europe, when United expects trans-Atlantic travel to exceed 2019 levels by more than 20%.

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