Revenge Travel Slows as Costs Rise and Economic Uncertainty Grows

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

cnbc.com

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Posted 10/1/2023, 10:53:04 PM