UK: Can travel's bookings boom continue
After a roaring turn-of-year across the travel sector - what might the rest of the year have in store?
Can the blistering start to 2023 possibly continue? Will rising prices push some consumers out of the market? And how can travel agents put themselves in prime position to capitalise? In partnership with PwC, TTG brought together industry experts to explore those topics.
Key takeaways
- The long-haul market faced “a real issue with pricing” as increased flight costs were making some groups of consumers rethink;
- A rise in prices could also impact the “much more price-conscious” short-haul family market, with a large segment of consumers potentially not booking at all this year;
- 2024 is believed to be “the last Covid-impacted year” for the industry, and those who miss out this summer could look to secure their holidays early for the following year.
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