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The pent-up demand that is driving leisure travel may be cooling: Travel Weekly

Christina Jelski

Christina Gelski

For many hosts things are getting better.

Based on my interviews with business leaders, sales executives, and other industry players this spring, it’s clear that leisure travel will continue to fall as average prices approach or approach high prices, and travelers move up to luxury accommodations that are never ready. in front. In this exchange, a force that witnesses this powerful return sees a desire for desire.

And not just hotels. Holiday rentals, as bookings have risen during the epidemic, have also benefited from the excitement of travel.

According to a survey conducted by the Vaksa Vacation Rental Forum in late April, 63% of Americans plan to travel this summer, 59% plan to travel by 2021, and 85% of summer travelers plan to travel more than ever. Audience.

But what happens when winter is over and demand runs out?

Passengers may be planning a quick trip at this time, but after a great holiday or two off the to-do list, the booking can be quickly returned to the calculated rate. Of course, at the time of the outbreak, the family's large savings will not last forever, and as inflation rises, some will soon choose to limit their travel expenses.

Another study by Bankret Financial Services in late April found that passengers were already running late.

Bancrett reports that 7 out of 10 adults in the United States are planning a vacation this summer due to changes in their plans due to high inflation. The study included large travel adjustments, including fewer trips or shorter distances, and fewer respondents said they could choose cheaper activities, accommodations, and / or cheaper travel destinations.

Also, Christ Marcel, a senior travel consultant at Family Travel Agency, recently told me in a phone call that hotel prices in Hawaii for Europe are far from what many of their customers are looking for, especially in luxury and high end. spectrum.

What’s disappointing, Marcel says, are their “five-star and novice customers,” who are “very disappointed because they can’t afford the five-star options anymore” and are accustomed to a four-star resort. “They’re under pressure” and they seem to be dropping the same price range.

At a certain time or in a certain price range, the traveler may decide that the trip is worthless.

In fact, Covidy seems to be overshadowed by the high cost of living, as well as the cost of home travel and subsistence. According to a bank survey, almost 50% of those who have not had a summer vacation this year exceed their capacity.

Above all, the price of gas seems to be sick. According to a Vaskas study, one in four Americans is delaying their travel decision this summer as they anticipate lower travel and / or gas prices.

Concerned neo-hippies and their global warming, some real estate agents want to help reduce transportation costs. For example, at Crown Square in New York City, HY36 launched a Fuel Up on Us package that includes a large parking discount and a $ 50 fuel ticket, plus two adults with CTB access at the same time.

What’s missing from the picture, of course, is the business trip, which is far from a pleasure trip in recovery. Some hotels are showing signs of growth in business and group activity, but although much is missing, the trend is certainly improving.

Hopefully, the demand for business travel will go up before the demand for entertainment goes down.

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