What's driving our activity?
Despite the challenging global economy, people across our key markets keep prioritising travel. In fact, luxury retail, high-end experiences, and bucket list travel bookings have been on the rise.
This may be in response to the lack of control consumers felt through the pandemic and a pent-up desire to get back out and see the world.
To justify the spend, consumers are seeking unique, tailored, and personally enriching experiences. These often will have a focus on wellbeing.
To the consumer, these types of experiences can be perceived to be value for money.
Data suggests visitors are happy to spend more for personalised, unique experiences. This includes local and sustainable offers that add to their overall experience.
Sustainability remains at the forefront of public dialogue. Although it’s worth noting an ongoing disparity in understanding to what this means in practice.