Europeans began to choose more budgetary trips for Christmas and New Year

Europeans, due to inflation, have begun to choose more budget-friendly travel options for the Christmas and New Year holidays. Writes about it Bloomberg with a link to the data of the Trivago booking service. Europeans are slashing travel budgets as rising household spending weighs on disposable income, according to online booking experts. According to Trivago CFO Matthias Tillmann, booking data from November to January indicates that people are more likely to opt for cheaper hotels and shorter trips.

Mr. Tillmann noted that travelers reduce the duration of their stay by an average of 10%. In addition, according to him, in the current conditions, “people are looking for a better value for money.” Mediterranean cities are especially popular, where housing is usually cheaper. Greece and Spain remain among the popular resorts, while Istanbul has significantly improved its position, moving from the top 20 popular holiday destinations to the top five.

At the same time, although Europeans are becoming more and more economical, they have not yet completely abandoned vacations and travel. This change in preference is likely to benefit low-cost airlines like Ryanair as customers opt for more affordable tickets.

Lada Sidorova