Travel to remain consumer priority
Consumers to spend 28% more on travel over the next 12 months, finds new Amadeus research
The second edition of the ‘Consumer travel spend priorities’ research, by Outpayce, a wholly owned Amadeus company, reveals that consumer demand for travel is expected to remain robust over the coming twelve months, despite continuing economic uncertainty.
Key takeaways
- ‘International travel’ was once again ranked by consumers as the highest discretionary spend priority from a basket of six categories;
- The number of people ranking travel as a ‘high priority’ for the coming twelve months increased by the largest margin, rising to 47%, up 12% year-over-year;
- Travelers expect to spend significantly more on international travel during the coming year with average expected spend of $3,422, an increase of $753 per consumer, or 28%, compared to last year.
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