Consumers are prioritizing travel over other types of
discretionary spending, but the process of shopping for travel is still frustrating
for many.
That is one of the results of a new survey commissioned by
Travelport and conducted by Toluna Research of more than 2,000 people from the
United States, United Kingdom, Australia, Hong Kong, India, Singapore and the
United Arab Emirates.
Respondents indicate a willingness to give up spending on
other types of products and experiences in order to travel. Seventy-one percent
of respondents would forgo concerts, 64% would stop buying new clothes, 53%
would give up playing sports and 36% would stop dining at restaurants in order
to have more money to travel.
Subscribe to our newsletter below
“While the last two-plus years have been a significant challenge,
the global travel industry recovered more than 50% of its gross activity by the
end of 2021,” says Jen Catto, Travelport CMO.
“Should this trend continue along the same trajectory, it could
reach 85% recovery by the end of this year. The pent-up desire to travel is
strong. Our latest survey findings clearly demonstrate this, highlighting how
many indulgences people are willing to sacrifice in order to travel again.”
Travel ranks as the most enjoyable activity in the survey – but
comes in fourth based on how much respondents enjoy the process of
researching and booking a trip, behind the experiences of shopping for
clothing, restaurants and electronics.
For respondents from the United States, 43% said they do not
finding booking travel enjoyable.
Travelport says the survey results show that the industry is seen
as lagging compared to others that have innovated and simplified their customer
experience.
“With demand for travel rebounding at its strongest pace since the
pandemic began, it’s imperative the industry listens to its customers,” Catto
says.
“Now is the time for us to fix travel retail, putting consumer
convenience, digital experience, and breadth of choice above all. By restoring
clarity, confidence, and fun to travel shopping, we can grow trust, generate
repeat business and inspire true loyalty – the benchmark of successful modern
retailing.”