travel trends
With Group Travel on the Rise, Gen Z Travelers Are Seeking Reputable Travel Companies That Offer Good Value Finds StudentUniverse Survey
StudentUniverse | September 19, 2023
Waltham, Mass. (September 19, 2023) – During the pandemic there was much speculation over the resiliency of group travel. The leading consensus amongst travel professionals was that the segment would bounce back, but questions loomed over how group travel would evolve in light of the pandemic and how would the growing market of Gen Z travelers contribute to trends in the group travel segment. StudentUniverse, a Flight Centre Travel Group company and the world’s largest student and youth travel marketplace, endeavored to answer some of these questions and conducted a survey of Gen Z travelers in the US to get their insights on group tr...
How Three—or Four—Factors Have Combined to Increase Travel’s Affordability
Aaron Szyf | August 4, 2023
A combination of increased wages, cooling overall inflation and declining travel prices have recently made travel more affordable. By Aaron Szyf Below, we take a deep dive into the data and what it means for travel. By the numbers: • Wages: Average private sector wages were up 4.4% in June year-over-year (YOY). This exceeds the rate of inflation (3.0% YOY), meaning that purchasing power has increased. • Overall inflation: Overall inflation moderated in June. While prices were still up 3.0% YOY, this is the lowest YOY increase since March 2021. • Travel inflation: While overall prices moderated, travel prices d...
Choice Releases First “Choice Privileges State of the American Traveler Survey” in Partnership With Harris Poll
Choice Hotels® | July 27, 2023
Survey finds consumers are prioritizing experiences and exploring the U.S. and want to spend less than $200/night on lodging ROCKVILLE, Md., July 27, 2023 -- Today, Choice Hotels International, Inc. (NYSE: CHH), released its first Choice Privileges State of the American Traveler Survey, a poll of more than 2,000 U.S. adults that sheds new light on Americans' travel plans and priorities this summer and beyond. This survey, conducted in partnership with Harris Poll, comes as nine new brands with nearly 600 hotels, including Radisson Blu, Radisson and Country Inn & Suites, are now available to be booked on ChoiceHotels.com. Earlier this...
TravelBoom Releases 2023 Leisure Travel Trends Study
TravelBoom | July 26, 2023
Study reveals customers are making up for lost time. MYRTLE BEACH, S.C., July 26, 2023 -- TravelBoom, the leading data-driven digital marketing agency for hotels, resorts, and vacation rental companies, released its annual Leisure Travel Trends Study after recently surveying approximately 2,000 travelers in 2023. The findings uncover the influence of an ever-changing economy on travel choices, increases in online bookings, an increased frequency of vacations, and the most sought-after amenities when booking. The study explores the step-by-step process travelers undergo when navigating a selection of locations, planning, and booking a vac...
Serviced Apartments: Top Trends to Watch This Year
Eva Lacalle | July 24, 2023
By Eva Lacalle Marked by changing traveling patterns and blurred lines between working and living, the new era of hospitality shows no signs of slowing down. From bleisure travel to slomads, serviced apartments have a perfect opportunity to grab the spotlight – and some extra revenue. The trick is to stay on top of trends and implement them before your competitors do. Top 6 serviced apartment trends We'll explore the most relevant trends for serviced apartments – sustainability, multi-functional spaces, the rise of new target clients, extended stays, and much more. Keep reading to discover them all. 1. Sustainability Sustainabil...
Journeying With an Aim: How Is Purposeful Travel Changing Hospitality?
Reeves Mathews | July 20, 2023
By Reeves Mathews It is no secret that the hospitality industry has undergone many changes over the last few years. Simultaneously, the global health crisis and economic challenges made consumers undergo certain behaviour changes. These consumer changes, responsible travel organisations, conservation NGOs, and purpose-driven travel bloggers together contributed to incorporating sustainability and purpose into travel habits. Travellers today are thinking twice before they embark on an adventure. The conversation around travel and sustainability grew, working to minimise the negative effects of tourism and turn travel into a positive forc...
Five Trends Driving Gen Z’s Travel Choices
StudentUniverse | July 19, 2023
Waltham, Mass. (July 19, 2023) – Using insights from the recent State of Student Travel Report as well as owned data, StudentUniverse, a Flight Centre Travel Group company and the world’s largest student and youth travel marketplace, has outlined travel trends to watch amongst Gen Z travelers. Gen Z Travelers Are Keen On Vocational Travel Insights from the most recent State of Student Travel Report indicated that 87% of travelers aged 18-25 believe that working holidays would improve their career prospects with 78% indicating they would undertake such experiences if presented with the opportunity. With the closure of borders dur...
Summer 2023 Trip Length and Spending Are Both on the Rise
Allianz Partners | July 18, 2023
RICHMOND, Va., July 18, 2023-- Americans are planning to set their status to "out of office" for longer stretches and open their wallets a little wider this summer, according to this year's 15th Annual Vacation Confidence Index from Allianz Partners USA. While the traditional week-long vacation is still elusive, new research indicates travel is becoming a priority again based on longer trips and increased spend. As both travel and confidence have rebounded in recent years, the average number of nights spent away has been steadily creeping up and now sits at 4.5 versus 4.3 (2022) and 4.1 (2021). The shift is beginning ...
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