The Rising Cost Of Living’s Role In Passengers’ Future Travel Plans

Travelers have to make a variety of additional considerations due to the current economic climate.

The world of commercial aviation has largely calmed down in its post-coronavirus recovery, but certain obstacles still prevent passengers from traveling in the same way as they did before the COVID outbreak. The main driver is the rising cost of living, but how much is this affecting people’s travel plans?

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Skyscanner explored this question as part of their recent “Horizons” travel survey. This allowed the company to question his 11,000 travelers from his 10 countries around the world and get a better idea of ​​what their travel and consumption habits might look like in the future. rice field. Regarding the rising cost of living, they were asked:

“Will the rising prices of commodities affect your plans to book an international vacation in 2023?”

Globally, 59% of survey respondents confirmed that this is indeed the case for their situation. Another 16% said they didn’t know, and the remaining 25% reported no impact on their travel plans.

Interestingly, there was a considerable degree of variability regarding the responses given by respondents from the different countries participating in the survey. In contrast, in the UAE it was 73%. Another Middle Eastern country, Saudi Arabia, also ranks high in this regard at 71%.

What about passengers?

Horizons’ research also looked at the steps travelers are taking to save money when it comes to future travel plans. For example, 36% of the respondents said they would choose destinations that allow them to make more use of their currency on future international trips. This was a particularly popular answer among US participants, with 57% saying this was the case.

Although not all 11,000 participants answered these follow-up questions, the 6,408 who participated painted an interesting picture of future passenger travel and consumption habits. Cutting down on hotel spending also ranked high, with 32% of respondents suggesting this as part of their budget travel plans.

The same percentage also indicated that they wanted to spend less money when they reached their destination. An example of this is choosing self-catering accommodation instead of eating out every day. In this regard, the United States was once again the largest source of yes answers, with 51% saying so. In contrast, Italy’s figure was just 20%.

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Spending Will Rise Despite Current Challenges

Rising costs of living are making passengers take more seriously how they travel, but they haven’t given up on travel altogether. In fact, Skyscanner’s Horizons survey also noted that 45% of respondents plan to travel more in 2023, and 41% are ready to invest more money in such trips. I’m here. This demand could help sustain commercial aviation’s ongoing recovery efforts.

What do you think of Skyscanner’s findings? Are you doing anything special to change your travel and spending habits going forward? Let us know what you think in the comments.

Source: Skyscanner