A new report released by the World Travel and Tourism Council (WTTC) and the Trip.com group has revealed that international travel spending is expected to increase 94% in 2022.
The Trending in Travel report, which aims to explore “the latest trends, behaviors and future booking patterns of travelers in the aftermath of Covid-19,” focuses on “booking trends, consumer considerations and consumer profiles », As well as on examples. of “markets whose resilience has provided a platform for the recovery of the travel and tourism sector”.
International travel spending exceeds domestic spending
The report predicts strong growth in international spending, which is expected to overtake domestic spending in 2022 as more destinations ease restrictions and vaccination rates continue to rise.
International spending is expected to have grown by 9.3% in 2021, with a further increase of 93.8% expected for the following year. However, the expected increase follows a 69.4% drop in global spending on international travel in 2020.
The report also found that 70% of travelers to many large countries such as the United States, Spain, United Kingdom, Canada and Japan plan to spend more on their trips in 2022 than they do. ‘have done over the past five years, including before the 2019 pandemic.
Jane Sun, CEO of Trip.com Group, said: “Travelers around the world have shown their eagerness to travel, whether they are limited to domestic travel or able to cross borders, we are seeing a tremendous amount of pent-up demand rising. release regularly. To better evolve with the recovery, we need to understand travelers and, as an industry, adapt to emerging trends. “
More demand for traditionally less popular destinations
The report also found that the Covid-19 pandemic and the global response to it have dramatically altered the way people travel, with increased demand for longer stays, higher priority of fee cancellations, and high demand for high levels of health and safety controls.
Younger demographics have proven to be faster to return to travel after the pandemic, and more travelers have been found to seek “side destinations” away from the traditional vacation hot spots of pre-pandemic years.
According to Trip.com hotel reservation data, Abu Dhabi (UAE) Chiang Mai (Thailand), Doha (Qatar), Florence (Italy) and Frankfurt (Germany) were the most popular secondary destinations in 2021.
Sustainable travel and greener destinations
Data from Trip subsidiary Ctrip also revealed that bookings for nature-related attractions are expected to dominate in the short to medium term, with nature-related bookings for China’s travel market alone increasing 265% year-on-year. in the first semester. of the year.
The report states that “the travel break has also increased consumers’ readiness to travel more sustainably,” with 83% of global travelers saying they would make sustainable travel a priority in the future.
The report cites data from online travel agency Skyscanner, which found that 68 million travelers have chosen to book a low-carbon flight with the Greener Choice label since the option was launched in 2019.
Growing demand for travel and tourism is critical to global GDP
The WTTC and Trip.com have also highlighted the negative impact that severe and confusing travel restrictions around the world have resulted in a significant increase in domestic tourism. Trip.com reported that its platform saw a 200% increase in domestic hotel bookings in 2021 compared to 2019.
However, the WTTC says that despite the much needed boost the domestic travel industry has seen over the past two years, the return of international travel is key to reviving the global economy. The travel and tourism industries currently account for over 10 percent of global GDP. The WTTC says its latest research projects the industry’s contribution to increase by 30.7% in 2021 and 31.7% in 2022.
Julia Simpson, President and CEO of WTTC, said: “It’s clear that people are really looking forward to traveling again. Consumers are curious, looking for new destinations, “the great outdoors” and trips that benefit the places and people they visit. “