Articles tagged “inflation”

Tourism

Global Tourism Slows: Europe Takes Most Pronounced Dip

Global travel softened due to the seasonality of demand. In October 2023, the Skift Travel Health Index dipped to 103. Europe was impacted the most due to reduced pent-up demand and economic concerns. Despite China's Golden Week holiday, the travel recovery in the country remained sluggish.

Saniya Zanpure | 5 days ago

Global Tourism Slows: Europe Takes Most Pronounced Dip

Tourism

American Outbound Travel Aspirations Defy Inflation Concerns

The increase in travel intentions was a standout aspect of an otherwise lackluster report. This resilience underscores the enduring appeal of travel even amid broader economic fluctuations.

Safiyah Riddle, Reuters | 3 months ago

American Outbound Travel Aspirations Defy Inflation Concerns

Business Travel

Business Travel Costs ‘Skyrocketed’ in 2022, ‘Subdued’ Gains Seen This Year 

Even with slower gains, prices are still high, and corporate buyers will need to plan ahead.

Kristin Majcher, Skift | 4 months ago

Business Travel Costs ‘Skyrocketed’ in 2022, ‘Subdued’ Gains Seen This Year 

Tourism

Ask Skift: Why Has Travel Gotten So Expensive?

Travel is booming this summer despite flights and hotels becoming pricier for many consumers, and here's a look at a few reasons why trips aren't getting cheaper.

Rashaad Jorden | 4 months ago

Ask Skift: Why Has Travel Gotten So Expensive?

Tourism

Record 50 Million Americans Expected to Travel for Fourth of July

Inflation no longer seems to be a major hurdle for Americans eager to travel, but flight delays and disruptions that plagued airlines last summer could once again make Fourth of July travel difficult for millions of people.

Rashaad Jorden | 5 months ago

Record 50 Million Americans Expected to Travel for Fourth of July

Tourism

Hajj Tourism Up This Year, Along With Rising Prices

While diversification efforts are underway to expand Saudi Arabia's tourism sector beyond religious tourism, the hajj pilgrimage continues to be a vital pillar of the country's tourism and economic landscape.

Arafat Barbakh, Reuters | 5 months ago

Hajj Tourism Up This Year, Along With Rising Prices

Hotels

Yes, Hotel Room Rates Are Up. But It Isn’t Price Gouging. 

Travel sticker shock is giving way to anger for many consumers. But the inflation data suggests that most hoteliers have raised prices in-line with their rising costs rather than capturing excess profits.

Seth Borko, Skift | 5 months ago

Yes, Hotel Room Rates Are Up. But It Isn’t Price Gouging. 

News Blog

Pace of U.S. Hotel Rate Rises Moderated in May

Rising hotel room rates in the U.S. are still contributing to an overall rise in the national cost of living, but the pace of hotel rate hikes is slowing, according to new numbers released on Tuesday. Hotel rates rose 1.8% in May from April, according to the U.S. Bureau of Labor Statistics, which reported the seasonally…

Sean O'Neill | 6 months ago

Tourism

Memorial Day Trips Set To Rise: ‘Summer Travel is Officially Back’

Although inflation is still impacting many Americans' travel plans, the U.S. travel industry is poised to have its biggest Memorial Day weekend in years — another major step in its recovery from the pandemic.

Rashaad Jorden | 6 months ago

Memorial Day Trips Set To Rise: ‘Summer Travel is Officially Back’

Tourism

Travel Spending to Hold Steady in 2023: New Skift Research U.S. Travel Tracker

Despite rising prices, many U.S. travelers are protecting their travel budgets, said the latest survey by Skift Research. We're cautiously optimistic about this trend.

Varsha Arora, Skift Research | 7 months ago

Travel Spending to Hold Steady in 2023: New Skift Research U.S. Travel Tracker