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Topic - Travel Intentions

Travel Intentions
More Canadians Are Planning to Travel in 2024 Despite Rising Costs

More Canadians Are Planning to Travel in 2024 Despite Rising Costs

The cost of travel is on the rise, but that isn't stopping most Canadians from planning a vacation. According to a new study from Blue Cross, Canadians spent an average of $4,200 on their last vacation, and 94 per cent feel the cost of travelling is increasing. However, the 2024 Blue Cross Travel Study also reveals that more Canadians are feeling optimistic about travel and are planning more trips this year.

Travel Intentions
Salt Lake Marriott Downtown at City Creek - Exterior

Travel Companies Expect Demand to Grow More Slowly in 2024 - Reuters

After the pandemic slammed the brakes on the tourism industry, and the subsequent years were the era of 'revenge travel,' hotel operators Hilton Worldwide (HLT.N), Marriott International (MAR.O), and online travel agency Expedia (EXPE.O), expect demand to grow more slowly this year.

Travel Intentions
Empty airline check-in counter - Source WTTC

Israel-Hamas Conflict Slows the Recovery of Air Travel Worldwide

Travel analytics firm ForwardKeys has released a report stating that the recent Israel-Hamas conflict has negatively impacted not only flights to and from the Middle East but also caused a global slowdown in the aviation industry.