Le Lézard
Classified in: Tourism and vacations, Covid-19 virus
Subject: SVY

Deloitte: Leisure Travel to Take Off This Summer

More Americans plan to travel this summer, even as financial concerns replace health concerns for the first time since pandemic began

NEW YORK, May 24, 2022 /PRNewswire/ --

Key takeaways

Why this matters
Safety perceptions related to travel and social activities are at their highest point since the pandemic began, prompting many Americans to plan summer trips. However, amid renewed optimism for leisure travel, financial concerns and higher prices weigh on travelers. Deloitte's new report, "Getting Back to Getaways: 2022 Deloitte Summer Travel Survey," examines the trends and preferences that will guide leisure trips this season. The report is based on a survey of 4,233 Americans fielded March 23-30, 2022. Among those, 2,536 qualified as travelers, and a smaller subset of 1,960 travelers said they would stay in paid lodging rather than only with family or friends.

Summer travel makes a comeback, for many Americans
While leisure travel appeared to be on the rebound last summer, the Delta and Omicron variants slowed its comeback. Now, with traveler confidence on the rise, summer 2022 travel will likely surpass both 2021 and pre-pandemic levels, with a desire to spend time with family and friends the main driver for travel. However, financial and health concerns will continue to impact where and how Americans travel.

Travelers spread their spend across a variety of travel products
Travelers have a variety of options for their summer trips. As trust in the safety of lodging and air travel rises, they are willing to pay for comfort and space, signaling further optimism for travel providers.

Key quote
"This summer, Americans are more ready to travel than they have been since the pandemic began. As they take to the roads and skies, this pent-up demand is driving spending across a variety of travel products. Air travel is set to soar, and demand for both hotels and private rentals is strong. While COVID-19 transmission and financial concerns still factor into travel decisions, travel providers who remain flexible to consumers' shifting preferences will find new opportunities for their businesses to take off and thrive."

?   Eileen Crowley, vice chair, Deloitte & Touche LLP and US transportation, hospitality and services attest leader

Health concerns decrease as financial worries rise
COVID-19 transmission remains an important factor in travel decisions, although its influence is waning. However, financial concerns are high with nearly half of those not traveling citing money as the reason why they will stay home.

Summer travel climbs higher due to workplace flexibility
Work-from-home and location-flexible work arrangements are contributing to a new type of leisure traveler?"laptop luggers." Those who plan to work at least partially when they travel this summer attribute at least one trip to the ability to work remotely. Further, laptop luggers tend to spend more, take longer trips, and travel with larger groups.

Key quote
"With traveler confidence increasing and health concerns declining, Americans are packing their bags and upgrading their summer trips. However, a rise in financial concerns for some will keep them grounded. At the same time, flexible work arrangements are creating a whole new world of opportunities for travel suppliers to build loyalty among laptop luggers. These travelers are willing to take a meeting and a stroll on the beach during the same trip?and extend their time away in the process."

?   Mike Daher, vice chair, Deloitte LLP and US transportation, hospitality and services non-attest leader

Connect with us on Twitter at @DeloitteCB or on LinkedIn: @EileenCrowley and @MikeDaher.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace?delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 345,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.


SOURCE Deloitte

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