{"id":87634,"date":"2022-08-16T07:27:27","date_gmt":"2022-08-16T07:27:27","guid":{"rendered":"https:\/\/mytravelleader.com\/?p=87634"},"modified":"2022-08-16T07:27:27","modified_gmt":"2022-08-16T07:27:27","slug":"are-we-in-a-travel-bubble-or-a-new-normal-travel-weekly","status":"publish","type":"post","link":"https:\/\/mytravelleader.com\/where-to-stay\/are-we-in-a-travel-bubble-or-a-new-normal-travel-weekly\/","title":{"rendered":"Are we in a travel bubble or a new normal?: Travel Weekly"},"content":{"rendered":"<p>Is the industry in the midst of a busier-than-ever normal of travel or a bubble that will pop?<\/p>\n<p>That was the question posed during a Virtuoso Travel Week press conference, held in person in Las Vegas and virtually on Monday.<\/p>\n<p>Misty Belles, Virtuoso&#8217;s vice president of global press relations, painted a picture of what Virtuoso agencies are seeing right now.<\/p>\n<p>Agency owners&#8217; optimism about their businesses has been steadily rising since the omicron variant of Covid-19 began to recede toward the end of January. Pent-up demand continues to be strong.<\/p>\n<p>&#8220;In short, travel is back,&#8221; Belles said.<\/p>\n<ul>\n<li><em><strong>Related: 2022 will beat 2019 for most top-selling travel advisors<\/strong><\/em><\/li>\n<\/ul>\n<p>Virtuoso&#8217;s global sales from January to July were 2% higher than the first six months of 2019, a year that was the agency network&#8217;s previous high water mark.\u00a0<\/p>\n<p>Bookings continue to look strong going into the fall, Belles said. Hotel booking windows are again lengthening to pre-pandemic levels, and average daily rates are up considerably from 2021 and 2019.<\/p>\n<p>Meanwhile, 78% of Virtuoso&#8217;s travelers said they are ready to travel now, according to Belles. Factors like massive airline delays and cancellations aren&#8217;t deterring them, and they&#8217;re even further motivated by the strength of the dollar.<\/p>\n<p>Travel sales for 2023 are pacing 47% higher than they were for 2019, meaning 2023 could become Virtuoso&#8217;s new high water mark, Belles said.\u00a0<\/p>\n<p>&#8220;Is this a travel bubble or is this the new normal? It can kind of go either way, but the indicators we&#8217;re seeing really suggest that this is our new travel landscape,&#8221; Belles said.\u00a0<\/p>\n<ul>\n<li><strong><em>Insight: A better year than 2019?<\/em><\/strong><\/li>\n<\/ul>\n<p>She also posed the question to a panel of agency owners.<\/p>\n<p>Anthony Goldman, joint managing director of the Goldman Group in Australia, called May, June and July a &#8220;travel tsunami.&#8221; He said he expected current trends to continue for the next 12 to 18 months.<\/p>\n<p>While Goldman expects some normalization to occur down the road, he believes inflated prices will be part of that normalization, as it&#8217;s difficult to decrease rates once they&#8217;ve been increased.<\/p>\n<p>Beth Washington, founder of Getaway Guild in Washington, D.C., a SmartFlyer affiliate, agreed.<\/p>\n<p>&#8220;I think the demand bubble, maybe this immediate pent-up demand will slow,&#8221; Washington said. &#8220;But I do think that the lifestyle of travel and the concept that we&#8217;ve all learned from the pandemic that we have one life to live, if you want to take the trip, now is the time to take it &#8212; I think that is going to remain. I think that that&#8217;s across generations.&#8221;\u00a0<\/p>\n<p>Luxury travelers today are spending more than ever without complaining about the price, noted Susan Bowman, vice president of marketing and industry relations with Transat in Canada. Transat has a network of 2,200 agents across Canada, 110 of which are luxury specialists.<\/p>\n<p>Goldman agreed, saying, &#8220;Clients aren&#8217;t even asking about costs in some cases.&#8221;<\/p>\n<p>The underlying factor seems to be the desire to spend time with family and take bucket-list trips, said James Turner, CEO of 360 Private Travel in the U.K. He has particularly noted an increase in African safaris.<\/p>\n<p>Source: <a href=\"https:\/\/www.travelweekly.com\/Travel-News\/Travel-Agent-Issues\/Virtuoso-Travel-Week-2022-press-conference\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the industry in the midst of a busier-than-ever normal of travel or a bubble that will pop? That was<\/p>\n","protected":false},"author":2,"featured_media":87633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are we in a travel bubble or a new normal?: Travel Weekly - My Travel Leader<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mytravelleader.com\/where-to-stay\/are-we-in-a-travel-bubble-or-a-new-normal-travel-weekly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are we in a travel bubble or a new normal?: Travel Weekly - My Travel Leader\" \/>\n<meta property=\"og:description\" content=\"Is the industry in the midst of a busier-than-ever normal of travel or a bubble that will pop? 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