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73% Europeans plan holidays despite concerns around increasing travel costs

The submit 73% Europeans plan holidays despite concerns around increasing travel costs appeared first on TD (Travel Daily Media) Travel Daily.

Travel sentiment amongst Europeans stays robust, with 73% planning to embark on a vacation between June and November 2022 despite numerous concerns, together with excessive inflation, the Russo-Ukrainian disaster and the continued pandemic. Interest in visiting different European locations (58%) has elevated considerably (+7%) since final summer season. Notably, 31% of respondents will head to an adjoining European nation and 27% to a non-neighbouring one.

The high standard travel locations stay Spain, France and Italy (10% every), adopted by Greece (7%) and Croatia (6%), which enters the highest 5 for the primary time. Most Europeans plan on travelling throughout June and July (41%), or August-September (42%), with the bulk favouring stays of between 4-9 nights.

Pleasant climate, enticing offers and fewer crowds are deciding components when selecting a vacation vacation spot, whereas spending time in nature (19%), tasting the native gastronomy and regional delicacies (16%) and immersing right into a vacation spot’s way of life (16%) are what travellers’ sit up for most.

These insights come from the most recent analysis on Monitoring Sentiment for Domestic and Intra-European Travel – Wave 12 by the European Travel Commission (ETC), which gives insights into Europeans’ short-term travel intentions and preferences.

Commenting on the analysis, Luís Araújo, President of ETC, said: “It is encouraging to see the travel sector in Europe rebound strongly, providing optimism for an exciting summer for European destinations. Still, we cannot ignore the challenges that remain in the months ahead. In addition to rising inflation, there is an acute talent shortage across the sector in the wake of the pandemic. This is perhaps most visible in transportation hubs, which are struggling to cater to the increased demand due to a lack of staff. Building this capacity back again is imperative. ETC calls on the EU and European governments to reflect on how best to address these challenges and support the sector.”

Travel confidence grows 

Insecurity about private funds amongst Europeans has grown by 7% since final summer season (13% in summer season 2022, in comparison with 6% in summer season 2021). In truth, inflation and rising travel costs have turn out to be the main concern worrying 18% of holidaymakers. As a consequence, bargains and enticing offers are extra vital to Europeans when choosing their subsequent vacation vacation spot (15% in May 2022, in comparison with 6% in May 2021).

Despite these concerns, travel confidence is rising, with 53% of respondents having totally or partially booked their subsequent journey. Of these respondents who’re open to travelling within the following months, 34% will take one journey, whereas 38% plan on travelling twice. Notably, 20% of Europeans plan on taking greater than three journeys.

Despite this greater confidence, the reserving window stays slim, with virtually half of the journeys (49%) deliberate for June or July haven’t but been totally booked. This means that many are holding off for last-minute, cost-effective offers.

As COVID-19 has woven itself into each day life, over one-third of Europeans state that their travel plans are unaffected by the virus – the most important share since August 2020. A want to see strict well being and security protocols in place at travel locations has dropped to its lowest level but (now 55%, in opposition to 67% in March 2022). Eagerness to travel throughout summer season is stronger amongst these aged 55+ (79%), presumably to make up for 2 years of relative vacation inertia brought on by the pandemic.

Although geopolitical tensions haven’t impacted the bigger share (44%) of Europeans with travel plans, a noticeable 31% have modified their journeys as a result of conflict in Ukraine whereas solely 4% have fully cancelled their holidays. Overall, travel sentiment stays resilient within the face of this ongoing battle.

The submit 73% Europeans plan holidays despite concerns around increasing travel costs appeared first on Travel Daily.

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