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The U.S. travel market is booming, but the economy is growing.
A recent OAG study found that the costs of climate change, cancellation of flights and the growing economic crisis do not seem to be a problem in the travel sector.
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According to OAG’s Flightview Flight Tracking App, 27 percent more people are traveling this summer compared to 2021. An additional 63 percent are booking international flights and 60 percent plan to visit their destination. I have not visited before.
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More than 50 percent of travelers plan to travel two to six months in advance, and 11 percent register for more than six months.
On financial matters, most travelers said they would not be barred if the price increase was more than $ 50-100. However, the study found that consumers are less likely to sign up for $ 200 and $ 300-plus increases (45 percent and 68 percent, respectively).
Business travel is back. Eighty-nine percent of respondents said they were in business by 2022 and 90 percent said their company had a travel plan in the next 12 months. He said 50 percent of their business travel plans would return to pre-epidemic stages or increase next year.
OAG chief analyst John Grant said: “Once closed and closed, travelers want to take their long-awaited vacation, despite the high cost, overcrowded airports and service shortages.” Inflation and Concerns The economic downturn could affect recovery in the second half of the year, with market demand and potential for the next three months strong starting in 2019.
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