What worries advisors right now?: Travel Weekly travelweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelweekly.com Daily Mail and Mail on Sunday newspapers.
The travel industry is experiencing an upswing post-pandemic, with spring break providing an extra boost. The Landry family, for example, is traveling to Gulf Shores, Alabama, while Chelsey Severson and her friends are heading to Miami for a week of beachcombing. Despite the cost of airfare and lodging fees, the travelers consider it a worthwhile adventure. Meanwhile, Alli Welch and her family are taking a road trip to Austin, Texas, as it is cheaper to drive.
Today Visa (NYSE: V) announced the results of its 2023 U.S. edition of the Visa Global Travel Intentions Study, revealing emerging trends in consumer behaviors and preferences for outbound and inbound cross-border travel. Travel has surged post-COVID and there are no signs of retreating, despite rising costs. According to U.S. Travel Association’s recent Travel Price Index1, travel costs have increased 4.4%, and while most Americans surveyed by Visa (73%) notice an increase in costs, only 6% of travelers plan to cancel or delay their plans.
Article - Revenge Travel is Here to Stay, Visa Study Reveals - New Visa Global Travel Intentions study showcases consumer s hunger for travel in the post COVID economy, despite rising costs