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Monday, March 14, 2022

Leisure Travel Rebounds Again, Business Travel Lags

Above, Chicago's O'Hare International Airport in 2019. Photo by Armand Vaquer.

Leisure travel is rebounding, while business travel not so much so.

At least that's what survey of 11,000 travelers in TravelPulse is saying. 

To start off, they wrote:

Leisure travel is rebounding quickly once again, but business travel isn't coming back in the same way.

Research from Morning Consult, which surveyed 11,000 travelers from the Americas, Europe and the Asia-Pacific region, revealed that consumers are looking to travel this spring, many plan on flying and that they are very interested in pricing and flexibility.

Forty-one percent of consumers with travel plans in the next three months expect to fly, and 49 percent expect to stay at a chain hotel.

Price is a top consideration, and the research found that consumers are willing to pay a premium for flexibility. The ability to cancel for free was at the top of the list of things travelers would pay a premium for. Travelers are also willing to pay more to companies that have enhanced pandemic safety measures.

To read more, go here

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