With all this will-there, won't-there talk about recession, it's reasonable to wonder whether there will be a contraction in travel and what form might it take.

In this episode, news editor Johanna Jainchill and MMGY chairman Clayton Reid talk about the changes we’re seeing in travel buying and spending patterns now that the initial “revenge travel” period is over. As leisure spending seems to be easing, corporate travel seems to be gaining. Also: Which socioeconomic and demographic groups are continuing to spend? What does high prices mean for groups like family travel? And What about older travelers, high net-worth individuals and cruising?

Episode sponsor:

This episode is sponsored by ALG Vacations www.algvacations.com/blackfriyay

Related links:

Is travel recession-proof – this time? https://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Is-travel-recession-proof-this-time

Economic concerns aren't impacting corporate travel budgets in 2024 and beyond (via Business Travel News) https://www.travelweekly.com/Travel-News/Corporate-Travel/Road-warriors-continue-to-return-poll

Family travel demand appears to be cooling https://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Family-travel-demand-appears-to-be-cooling-study-shows

 

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