According to the European Travel Commission, interest in intra-European travel reaches its highest point since September 2020 despite the ongoing cost-of-living crisis.
In the light of the ongoing cost-of-living crisis, 40% of Europeans are worried about increasing travel costs. Nonetheless, the appetite for travel among Europeans is growing with 70% planning a trip in the next six months. This represents a 4% increase in just one year. Furthermore, 52% intend to travel at least twice evidencing pent-up demand for vacationing.
According to the Monitoring Sentiment for Domestic and Intra-European Travel – Wave 13, sentiment for intra-European travel has also been on the rise with 62% of respondents planning cross border trips within Europe this autumn and winter.
Regarding the war in Ukraine, 52% of travelers said that the conflict will have no direct effect on their travel plans in the next months. Similarly, fewer European travelers are less likely to be deterred from travelling by Covid-19. Only 5% of respondents stated that pandemic-related concerns prevented them from realizing a planned trip.
On contrary, concerns related to the cost of travel are on the rise. For instance, 23% of European travelers are worried about the possible increase in travel fees and 17% are troubled by the effects of inflation on their personal finances.
If travel budgets have remained at the same levels since September 2021, Europeans are cutting the duration of their vacations as their money does not stretch as far as it used to a year ago. Preferences for 3-night breaks have increased to 23%, while longer trips of 7 or more nights have dropped to 37%.
Regarding spending by country, Germans and Austrians will mostly spend between €501 and €1000, while the Polish, the Dutch, and the Swiss are more likely to expend over €2000.
Intention to travel is lower among Gen Z, with only 58% responding positively in contrast to all other age groups, which exceed a 70% likeliness to travel. This indicates a more hesitant outlook for younger travelers, which may also be attributed to concerns about personal finances and rising travel costs.
In contrast, over 73% of Europeans over 45 years old plan to travel in the next six months, expressing an interest in city break journeys and a need to become part of the destination by exploring its culture and history.
Across all age groups, France is the most popular country to visit over the next six months (11%), followed by Spain and Italy (both 9%). As the weather gets colder, more respondents look to travel to winter destinations such as Germany (7%). Croatia (5%) and Greece (6%) also remain popular among respondents.