Revenge Travel Slows as Costs Rise and Economic Uncertainty Grows
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New data shows "revenge travel" slowing as travel costs rise and economic uncertainty grows, especially in Europe.
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Pent-up demand fueled initial travel surge in Asia-Pacific, but growth is slowing as initial rush subsides.
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Chinese travelers losing enthusiasm for overseas trips due to high costs, weak employment. More staying domestic.
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Travel demand from U.S. and Europe likely to fall as higher interest rates hit economies.
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Industry still largely bullish on travel growth, but pace of recovery expected to slow with fizzling pent-up demand.
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