Inflation isn’t dampening people’s desire to travel — but travel companies may be missing a trick
2023-03-12 10:25:16 source:CNBC
March 11, 2023
Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area where many are unwilling to cut back: their desire to travel.
Almost one third (31%) of travelers said that they intend to spend more on travel this year than they did in 2022, according to a recent report from the World Travel and Tourism Council and booking site Trip.com.
That’s after the vast majority (86%) of respondents said last year that they were upping their 2019 travel budgets.
Read more: