bgb is part of Pangaea Network, an international organisation of independent agencies offering consultancy and communication services to the travel and tourism industry. We recently conducted some research through a representative panel of 150 international travel professionals - we asked for views of and predictions for the travel industry in today's economic climate. The findings identify market trends, statistics, views and predictions, with a specific focus on the Luxury Travel Market.
There are mixed expectations for the year ahead. Largely travel bookings are anticipated to increase, however, clients are probably going to continue to book later and be more price-sensitive. Holidays are likely to be shorter and the exchange rate may impact on destination choice.
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