Holidaymakers cautious about 2016 bookings
Holidaymakers are being cautious about booking for 2016, with research suggesting challenging times ahead for the travel industry.
The Winter 2015 Holiday Confidence Index (HCI) produced by First Rate Exchange Services found that almost one-in-five of the 5,319 people surveyed have not made up their minds whether to travel abroad on holiday in the next year, a 3% rise since the summer.
The most resilient age group are the 25-34 year olds with 62% intent on travelling abroad.
Doubts about the economy and their own finances seem to be accounting for consumer caution. Compared with the summer, fewer people expect the economy to recover and their finances to improve.
Alistair Rennie, First Rate Exchange Services head of strategy & innovation said: "The real challenge for the travel industry in the months ahead will be to convince the growing numbers of people who are unsure whether or not to holiday abroad to make those bookings."
"Disappointingly for travel companies, who would obviously like to see the amount spent on booking holidays moving upwards, there is nothing to suggest that this is happening.
"Commitment-free 25-34 year-olds are the encouraging exception to the rule and must be a big target."
Diane
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive