TRAVEL INDUSTRY RECOVERY TRENDS AFTER THE PANDEMIC
POST COVID TRAVEL TRENDS
NEW YORK, NEW YORK, USA, June 14, 2022 /EINPresswire.com/ — There is no doubt that the tourism sector has been one of the hardest hit by the effects of the pandemic. COVID-19 has hit many industries hard, but few have been as badly impacted as travel and tourism.
Late last year, the World Tourism Organization (UNWTO) predicted that the sector would not fully recover until 2024. However, the recovery in tourism has gained significant momentum over the past three months due of the easing of restrictions around the world.
This, and the fact that people feel they’ve put their lives on hold long enough and are more than ready to start living life to the fullest, has increased the rate of recovery.
In fact, according to the latest UNWTO Barometer, many destinations around the world welcomed almost three times as many tourist visitors between January and March compared to the same period in 2021.
WHICH MARKETS HAVE MADE THE BEST RECOVERY?
According to the global leader in luxury villa rentals, Exceptional Villas, which represents more than 3,000 of the world’s best vacation rentals, the markets that initially recovered the fastest were those with the lightest restrictions and levels of COVID. -19 lowest.
According to the UNWTO, international arrivals in the Caribbean are estimated at 117 million for the 1st quarter of 2022 against 41 million in 2020. A massive increase of 182%.
Mexico, the Turks and Caicos Islands, St. Barths, Jamaica, Hawaii, the Dominican Republic and the Bahamas have recovered quickly. The rest of the Caribbean and Costa Rica, which have been slower to recover, have the highest levels of forward bookings.
Europe has also seen a significant recovery rate, welcoming 230% more visitors in Q1 22 compared to Q1 2021. In Europe, Italy, Greece, France and Spain are leading the charge.
Asian markets such as Thailand, Vietnam, Cambodia and Sri Lanka, which have suffered the worst devastation during the pandemic, are the slowest to recover. The region is seeing small green shoots of recovery as restrictions begin to lift, but a full recovery is not expected until 2025.
WHAT TYPES OF ACCOMMODATION RECOVER THE FASTEST?
Villas and vacation rentals were the first to recover from the peak of the pandemic. The main reasons for this faster recovery are the extra space, privacy and the ability to be able to self-isolate or quarantine at home rather than in a hotel room.
Luxury motorhomes or self-driving recreational vehicles (RVs), many of which may look like small apartments or houses, have also recovered very quickly.
Hotel accommodation has also recovered well, as younger travelers are less nervous about catching COVID-19.
The hotel sector is the slowest to recover.
INCREASE IN REV PAC (Revenue per guest)
According to Exceptional Villas, average spend in the luxury vacation rental industry has increased significantly.
After the international easing of restrictions around the world, exceptional villas are seeing their average spend per booking increase by 70% compared to pre-pandemic levels in 2019. There are several reasons for this.
The pandemic has given people much-needed time to think about life priorities, leading many to choose to spend more of their income on experiences. Happiness is not so much about possessions, but about living a meaningful and happy life. This is aided by the fact that Millennials, the largest generation of people in the world, are now entering their prime. Millennials are also very focused on capturing and sharing memories.
Second, customers choose to stay longer.
LENGTH OF STAY TRENDS
There is a growing trend among socially conscious high-net-worth luxury travelers to take fewer trips but stay longer. Less time in the air is seen as environmentally friendly. This trend is helped by the fact that the Zoom Boom during the pandemic allows more people to work remotely than ever before.
Exceptional Villas Owner and CEO Alexandra Baradi said: “The business is seeing a 200% increase in bookings in 2022 compared to pre-pandemic levels in 2019. We are, of course, delighted with the reprise “.
ABOUT EXCEPTIONAL VILLAS
Exceptional Villas is a vacation rental company based in Europe with clients and destinations worldwide. They have been in the travel business for over 30 years and provide a uniquely tailored service to their customers. This service includes tailoring the perfect villa to each client and providing a full, complimentary concierge service. This service includes all aspects of the client’s vacation, including VIP airport arrival, ground transportation, restaurant reservations, tours and excursions, water sports and pre-arrival storage. Unlike some of their competitors, they do not require membership fees. Likewise, their villa experts are indeed experts. They visit each villa and their team of professionals have a wealth of information about the villas and their destinations. Exceptional Villas takes great pride in the personalized service it provides. The company also operates a designated villa brand for Barbados called Villas Barbados and an Irish brand called Dream Ireland.
For more information visit http://www.exceptionalvillas.com/ or call free from the US and Canada on 1 800 245 5109 and in the UK on 0845 528 0209 Worldwide + 353 1 513 4197.
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