Inflation is No Deterrent for the Majority of Travellers

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Inflation is No Deterrent for the Majority of Travellers

As business started picking up again after the pandemic, inflation and the cost of living crisis worsened, threatening more uncertainty for the hospitality industry. However, contrary to what may have been expected, inflation is not putting travellers off.

Travel has become a bigger priority for some consumers than it was before the pandemic, with many considering it an important factor in maintaining their mental health. Even those who are feeling the effects of the current economic situation are continuing to prioritise travel by cutting back on other costs.

In this article, we’ll explore more about consumer attitudes to travel post-pandemic and what that means for your property.

How Do Travellers Feel About Inflation?

The 2022 Changing Traveller Report – a survey of 8,000+ travellers in Australia, China, France, Germany, Indonesia, Italy, Spain, Thailand, UK, USA – has revealed that “the urge to travel is a stronger force than rising inflation”.

Are Travel Credit score Card Rewards Susceptible to Inflation?

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In the previous number of months, travel has been observing a rebound with leisure vacationers traveling at close to pre-pandemic levels, and both airways and accommodations having difficulties to maintain up with demand from customers. Right after extra than a yr of keeping close to household, consumers are booking visits and redeeming the journey rewards they earned all over the pandemic.

According to a the latest review carried out by Citi and The Harris Poll, 28% of tourists will be working with credit history card factors or airline miles to reserve their subsequent experience. Echoing that craze, Josh Berwitz, senior vice president and typical manager of business advancement and

by Shante Abdo — August 11, 2021 in Travel Card

UPDATE 1-European travel stocks sink, inflation woes keep STOXX 600 below record high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* TUI, Ryanair, IAG tumble as Asia COVID-19 cases spike

* Banking, mining, and industrial stocks retreat

* Healthcare and energy stocks set to post solid monthly gains

* Burberry plunges as CEO resigns to join Ferragamo (Adds comments; updates prices)

By Sagarika Jaisinghani

June 28 (Reuters) – European travel stocks sank 2% on Monday on the back of a spike in COVID-19 cases across Asia, while worries of a sudden tapering in ultra-loose global monetary policy in the wake of rising inflation kept the STOXX 600 below record highs.

The pan-European STOXX 600 was down 0.2% by 0813 GMT, with travel-related stocks TUI, Ryanair Holdings and IAG sliding between 1.9% and 3.2%.

The travel and leisure index fell to a one-month low, tracking declines in Asia as infections

by Shante Abdo — June 28, 2021 in Travel Update

Costco Seems Alarm on Spiking Inflation for Critical Purchaser Merchandise

Your month to month Costco run may be about to get much additional high-priced.
On the firm’s Thursday earnings contact, CFO Richard Galanti states that “inflation pressures abound.”
That usually means costs could rise for meat, cheese, plastic goods, and paper merchandise.

Costco Chief Financial Officer Richard Galanti named out climbing inflation in the large box company’s Thursday earnings contact, noting that advertising rates for staples like paper items, meat, cheese, and trash baggage are up.

Galanti rattled by a number of “inflationary soundbites” with analysts on the simply call and shared a range of products and solutions enduring spiking selling prices, as perfectly as the good reasons for increasing prices.

He mentioned that “items delivered across the ocean” have witnessed “suppliers spending up to double for containers and delivery.” Cheeses in distinct are curdling consumers’ wallets, in aspect because of to freight fees and

by Shante Abdo — June 24, 2021 in Costo Travel