The outlook for travel in 2022 is optimistic with 33.9% of respondents intending to spend more on travel than they did in 2021.
Key Takeaways from this Report
- Omicron derailed plans for over half (55.4%) of intended holiday travelers. The most common reasons for changes include a personal decision to cancel due to COVID risk (46.8%) or plans disrupted by loved ones (35.9%).
- Payment card data shows that holiday cancellations have had minimal impact on the performance of travel providers in 2021. Among airlines, Delta enjoyed a particularly strong 2021, partially at the expense of United Airlines.
- The majority of (52.2%) survey respondents said that they plan to travel by airplane within the next six months. Boosted and vaccinated individuals are the largest force behind this majority, indicating the strongest intent to travel more often in 2022
- The outlook for travel in 2022 is optimistic with 33.9% of respondents intending to spend more on travel than they did in 2021. More generally, spend intent is shifting towards experiences rather than material goods
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