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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:

https://www.cnbc.com/2023/03/11/inflation-and-cost-of-living-crisis-are-not-stopping-people-from-traveling.html