generalSkift··1 min·For: Owner, GM, Revenue, Investor
Higher Rates Prop Up Global Travel Revenues as Volumes Flatten
Global travel performance remained flat year-over-year in August as slowing volume growth was offset by rising hotel rates and airfares. Industry data indicates travelers are growing increasingly selective about their destinations and spending habits.
Key Takeaways
- 1Global Travel Health Index held flat at 100 year-over-year in August.
- 2Rising room rates and airfares are offsetting slower booking volume growth.
- 3Travelers are becoming more price-sensitive and selective with discretionary spend.
Source: Skift
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