Travel remains top priority for 2024 with 39% projected increase in spend: Skyscanner Report - India's Top Travel News Source: TravelBiz Monitor

Travel remains top priority for 2024 with 39% projected increase in spend: Skyscanner Report

Travel marketplace Skyscanner published a new report exploring the latest trends in global travel. Titled Skyscanner Horizons: 2023/4 destination and booking insights, the report unpacks and explores a combination of consumer survey and proprietary search and booking data to provide a unique view of how travellers are thinking about their plans for the next 12 months.

Survey data from 18,000 consumers in 15 markets reveals insights about key indicators such as travel propensity, spend, trip type, mobile device actions and the trip planning process, including the top sources of destination inspiration. Skyscanner search and booking data is overlayed to provide additional information about booking windows by haul type, trending destinations as well as snapshots of three important travel markets – India, Saudi Arabia and the USA.

Key Report Findings 
Travel planning
Positive outlook for 2024 in terms of travel demand, with 42% of travellers planning to travel more and 39% planning to spend more.
Globally, the expected number of trips is set to increase to 2.7 from 2.3.
Insurance, seat selection, food, baggage, and lounge are the top flight ancillary requests. 20% of travellers surveyed also indicated a willingness to upgrade to business or first class.
Airfares (30%) and hotel (21%) costs are the biggest decision-making factors in travel planning.
Travellers surveyed highly engaged on mobile devices in the travel planning and booking process, researching destinations (48%), comparing flight and hotel options (47%), booking (40%), with a fifth (22%) having used an AI chatbot.

Destination Planning

Cultural experiences top the 2024 agenda, with destination choice influenced not by just the weather (60%), food (58%) and culture (54%), but the overall ‘vibe’ (41%).
In-destination activities also play a role, in particular local cuisine (46%), sightseeing (42%) and beach (40%).
Globally, YouTube is the top source of travel inspiration, followed by word-of-mouth recommendations (35%) and Instagram (33%), however there are big variations by market. Guidebooks (27%) and TikTok (21%) also feature.
Skyscanner has identified seven travel vibes and trip types that travellers are seeking in 2024: gig tripping, main character energy, budget bougie foodie, destination zzz, analogue adventurers, celebration vacationers and lux-for-less seekers.

Booking windows
EMEA travellers are booking flights further in advance, with most booking over 90 days ahead for both short-haul and long-haul trips.
AMER travellers are booking further ahead for long-haul, with 90+ day booking windows exceeding 2022 levels.
APAC travellers show greater volatility in short-haul booking windows compared to other regions. For long-haul flights, there’s been a surge in last-minute bookings.

Trending destinations

EMEA travellers are seeking out smaller hidden gems away from larger cities. Top destinations include Rayong (Thailand), Ouarzazate (Morocco), Pristina (Kosovo), and Klagenfurt (Austria).

AMER travellers are looking towards Asia and island getaways. Top destinations include the Cayman Islands, French Polynesia, Osaka (Japan), and Tokyo (Japan).

Japanese destinations dominate the top 10 list for APAC travellers with six cities featuring. This is evident of Japan’s recent bounce back after lifting its Covid restrictions.

Mike Ferguson, Director of Destination Marketing, Skyscanner, said, “2023 has been a seminal year in travel. In all regions we see that travellers are highly engaged in the booking and planning process, searching for destination inspiration from a variety of sources and planning long-haul trips further in advance. Destination choice is increasingly influenced by not only cultural factors but also the particular ‘vibe’ that aligns with individual preferences and motivations.”

Hugh Aitken, VP of Strategic Relations and Development, Skyscanner, added, “Airlines continue to restore and re-orientate their global networks to meet traveller demand. Countries such as India and Turkey have outlined ambitious plans and will be important drivers of both domestic and international air connectivity in 2024 and beyond. At the same time, travellers in many markets are signalling a willingness to upgrade their fares and build customised itineraries that provide them with the best value.”

Nick Hall, CEO of Digital Tourism Think Tank, stated, “High travel propensity means destinations must focus on values and experiences. This report is a clear demonstration that travel is well and truly back, with propensity remaining high now and into the future, even amongst a climate of global economic uncertainty. With travel spend a key priority for consumers globally, destinations, along with their industry partners, must focus on value proposition more than ever. Honing in on what sits at the very core of the destination’s brand values is key to winning travellers’ hearts. Yet, driving demand, with timely product proposition, is key to shaping decisions.”

Marco Navarria, Global Content and Marketing Director at CAPA, said, “As highlighted in the 2023/24 Skyscanner Horizons report, travellers are increasingly opting for connections to smaller niche markets over the major tourist destinations of years gone by. Recovery from the pandemic has allowed airlines to rebuild and expand their networks to explore new and different locations. This willingness to venture into new routes and build new markets supported the rebuild of global capacity to pre-pandemic levels in 2023. There are increased expectations that airlines will go beyond this in 2024, connecting the globe better than ever before.”

 

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