Excerpt from CNBC
The era of unabated “revenge travel” may be coming to a close.
New reports show that, after years of inflation and rising travel costs, travelers may finally be curtailing their travel plans.
A new report by the research company Morning Consult shows that travel intentions are increasing in several countries, but flatlining or falling in others, most notably in Europe.
Intentions to travel dropped 11 percentage points in France and six in Germany since 2022, according to Morning Consult’s “The State of Travel & Hospitality” report published in September.
Interest to travel also fell in Canada and Russia (-4 percentage points each), the survey showed.
As to whether this suggests pent-up demand is ending: “Yes, our data suggests that is so,” said Lindsey Roeschke, travel and hospitality analyst at Morning Consult.
“That’s not to say that travel will decline significantly again, but ... in short, the majority of those who were waiting to take their ‘revenge trips’ have already done so,” she said.
A slowdown may be more pronounced in Europe, said Roeschke.
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