Travelers are optimistic about 2023 and records in the travel industry are being broken as the world talks much less about the pandemic. There are other world events to consider, such as the ongoing war in Europe and warnings about the environment and the need for sustainable travel, but they don't appear to be slowing anyone down. I thought it would be interesting to take a look at some of the trends we're seeing in travel.
Bucket Lists Are Back Major trips have jumped ahead of minor trips. Industry experts have predicted that 2023 will be the year travelers "go big or stay home." More than 65% of travelers are expected to take a trip to an epic destination.
Travel Spending is up Significantly There seems to be a feeling among travelers that another pandemic can always occur, so they are traveling while they can. Most people say they are planning to spend more on vacations than they have in the past five years.
Travelers want Authenticity People are interested in staying in places their friends have not seen, and they want to be guided by people who live there. A lot of travel has become about one-of-a-kind experiences. Travel advisors now have the new goal of creating these authentic vacations.
Travelers Have Higher Expectations Clients are tired of the lack of customer service and staffing shortages from hotels and airlines. They are demanding personalization and expecting more, not less.
Solo Travel is Real 26 million Americans live alone and more than 60% of them are women. Most of these singles are enjoying good work opportunities, home ownership, and financial status that didn't exist in previous generations.The single travel market is growing quickly and is expecting to continue for at least the next five years.
Luxury Cruises are Booming A few of the most respected hotel brands on Earth, such as Ritz-Carlton and Four Seasons have decided to add luxury cruising to their portfolios. Most of these are small yachts with suites. Clients say that about 200 guests on a ship is what they enjoy.
Most Travel Advisors Are Now Charging Fees Travel advisors are now enjoying heavy demand. Surveys show that most are focusing on all-inclusive resorts, guided tours, and cruises. However, some advisors report not being able to keep up with their travel requests.
It should be fun to watch the travel landscape unfold this year. We look forward to serving all our clients!