Squaremouth predicts the 2024 travel outlook This year has been a challenging one for travelers, featuring passport delays, pilot strikes, natural disasters, and other uncommon disruptions. Looking ahead into the new year, Squaremouth, the US based leading travel insurance marketplace, reveals their predictions of the most notable travel trends to expect in 2024, and shares tips for travelers planning their trips. 1. 2024 will be the most expensive year on record for travelers Travelers have seen an increase in travel prices for the past three years running. The average international trip cost in 2023 is $6,574, up 21% from last year, and 30% from 2021. Data indicates this trend shows no signs of stopping, and many travelers share this same sentiment and expect to spend...
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Holiday group TUI expects the highest level of demand for Greece on record this year, its director of Communications Aage Duenhaupt told Athens news agency on Sunday. Tourism accounts for about 20% of Greece’s gross domestic product and has a crucial role in helping the economy to emerge from a decade-long debt crisis followed by the COVID-19 pandemic. Foreign visitors are flocking back to Greece's islands and ancient monuments, raising hopes for its vital tourism industry after a turbulent two years, though the impact of high inflation means a return to normal may still be some way off. A view of a beach in front of the Cape Sounio Grecotel Resort, in Cape Sounion, near Athens, Greece, June 23, 2022. REUTERS/Vassilis Triandafyllou Greek tourism suffered its worst ever year in...
Read MoreBusiness travel spending is forecast to grow 21% this year worldwide, helped by the rollout of COVID-19 vaccines, but will not recover to pre-pandemic levels until the middle of the decade, a business travel association said on Tuesday. Spending on business travel is projected to rise to $842 billion in 2021, according to the Global Business Travel Association’s (GBTA) BTI Outlook, after dropping 52% in 2020 to $694 billion due to the pandemic. FILE PHOTO: Travellers wearing face masks line up at check-in counters of Shanghai Hongqiao International Airport in Shanghai, China January 28, 2021. REUTERS/Aly Song After a decade of steady annual growth, business travel is expected to have shown losses in 2020 that were 10 times greater than the declines after the Sept. 11, 2001, attac...
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