The Affordable Travel Landscape
While budgets are shrinking for many globally, travel continues to be a non-negotiable. As such, shorter trips, journeying during cheaper periods and thrifty accommodation hacks – like home-swaps – are on the rise. Additionally, low-cost airlines are offering budget long-haul fares and all-you-can fly membership schemes, and hotels are providing micro rooms to cater to frugal travellers.
Squeezed Budgets Shape Trips
Thrifty Stays
Affordable Transit Evolves
Sojourners globally, many of whom are feeling the pinch when it comes to travel spend, are taking shorter trips and choosing more affordable destinations. Others are staggering their travel spend by using buy-now-pay-later payment plans and taking advantage of youth-targeting discounts.
Sojourners globally, many of whom are feeling the pinch when it comes to travel spend, are taking shorter trips and choosing more affordable destinations. Others are staggering their travel spend by using buy-now-pay-later payment plans and taking advantage of youth-targeting discounts.
Summary
Squeezed Budgets Shape Trips | Sojourners globally, many of whom are feeling the pinch when it comes to travel spend, are taking shorter trips and choosing more affordable destinations. Others are staggering their travel spend by using buy-now-pay-later payment plans and taking advantage of youth-targeting discounts. |
Thrifty Stays | To meet the needs of cost-conscious travellers, hotels are offering a new breed of stylish, but super-compact and functional guestrooms, while capsule hotels are fast-becoming a global phenomenon. Meanwhile, home-swapping has become more popular as a super-affordable and immersive way to travel on a budget. |
Affordable Transit Evolves | In order to make long-haul trips more accessible to price-sensitive passengers, low-cost airlines are launching no-frills long distance routes, while others are vying for traveller loyalty by offering membership schemes with annual perks and all-you-can-fly packages. Intercity and cross-border bus travel are also garnering new fan bases as a transit option amongst budget-constrained travellers. |
The Affordable Travel Landscape
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Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.
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