New data suggests revenge travel may be ending soon
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.
Key takeaways
- 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;
- Pent-up demand fueled travel in Asia-Pacific in the first half of 2023, but since then, the trend is starting to reverse as well.
Get the full story at CNBC and download the report at Morning Consult