In fact, the tourist economy found that travel spending on US residents abroad increased 8.6% in the first four months of the year since the same period of the previous year. “This indicates to continue the demand for the US exit,” said the firm.
While economics and domestic finance always influence travel demand, “today these factors seek to have a more negative than positive impact,” said Nicki Zink, deputy chief of analysis of the industry of the market research firm Morning Consult.
In the recent group survey, 31% of consumers said that both the state of the United States economy and personal financial pressures are reducing their interest in leisure trips in the next three months, “higher than any other factor we survey,” said Zink.
By its own part, the Future Partners tourism market research firm found that 47% of US travelers probably venture abroad in the next 12 months, but 35% said that uncertainty around changes in the policies of the United States had already made them reconsider or delay those plans. And in a Nerdwallet survey last month, 11% of consumers said they had discarded international travel plans this year on global relationships or economic uncertainty.
Our rich customers still pursue those adventures in the desire list.
Mandee Migliaccio, CEO, which eliminates travel services
However, many Americans are still packing their passports. Millennials, for example, “are increasingly considering international destinations, despite the highest cost compared to national trips,” said Zink, adding that interest in destinations in South and Central America, the Caribbean and northern Europe have increased this year.
The rich travelers also continue to travel with pleasure, extending a trend that has intensified since the recovery of the pandemic.
“Our rich customers still pursue those adventures in the list of wishes and unique experiences,” said Mandee Migliaccio, CEO of the New Jersey -based agency, which eliminates travel services. “While they are definitely attentive to the headlines, plans will generally change unless a destination really becomes unstable.”
Migliaccio acknowledged that he has seen some subtle shifts lately, and some clients ask to cut the flight costs or decide to spend a stop to keep the most efficient things.
“It’s not so much ‘i can’t go’ as it is ‘, how can I make this work for me?'” He said. “People are being strategic, spending where it matters most and opting for cured experiences about excess.”
