InteleTravel clients spending more despite price hikes
Customers are spending more on their holiday bookings, a new survey of InteleTravel agents says.
They said 82% are spending the same or more than they did last year.
Inteletravel gathered data from 1,000 travel agents and found 36% of their clients were spending the same as last year.
Nearly one-quarter 24% were spending up to 25% more and 16% were paying 25-50% more.
It found 6% were spending over 50% more than last year.
Short-haul trips to the Mediterranean are the most popular, accounting for 53% of bookings this year.
Long-haul trips account for 27% of bookings.
Although spending more money, 91% of agents stated their clients were more concerned about higher prices than any other issue.
Flight cancellations and crowded destinations also featured among their concerns.
Many travel advisors, (67%), expect their business to grow in 2023, compared with last year.
Some 18% expect growth of more than 50%.
Only 10% are expecting their business to decline.
InteleTravel recently reported a 58% increase in sales with a 14% rise in average booking values in May 2023.
Cruise sales have now increased to 8% of the total revenues.
Unsurprisingly, InteleTravel agents are generally optimistic about next year and beyond.
Beach holidays account for 65% of the trips taken by customers, while all-inclusive holidays were particularly popular.
The survey found that people are opting for shorter trips, with 5-7 nights being the most popular duration.
Learn more about : Inteletravel.com ( N. America ) Inteletravel.com ( United Kingdom )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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