'Have Shot, Will Travel', Tripadvisor Research Reveals COVID-19 Vaccines Driving Demand for Summer Vacations

Rhea-AI Summary

Tripadvisor's latest report highlights how global vaccine rollouts are increasing demand for summer vacations. Insights from consumer surveys and Tripadvisor's first-party data reveal that vaccinated travelers are booking vacations more frequently and planning to spend more time and money on trips. In the U.S. and U.K., high vaccination rates are driving strong tourism recovery, while regions with slower vaccine rollouts, particularly in Asia-Pacific, face challenges. Notably, 51% of U.S. respondents plan on summer vacations, with more travelers feeling confident about dining and urban tourism.

Positive

• Vaccinated travelers are booking more, planning longer trips and spending more, boosting demand for accommodations.
• U.S. hotel search volumes hit their highest levels since the pandemic, indicating strong recovery.
• Countries with advanced vaccination rollouts, like the U.S., are seeing significant increases in hotel search traffic.
• Vaccinated travelers are more confident in their dining choices, with a notable uptick in restaurant searches.

Negative

• Regions with slower vaccine rollouts, particularly in the Asia-Pacific, are experiencing muted recovery in tourism demand.
• Half (48%) of unvaccinated travelers are delaying bookings until vaccinated, impacting immediate demand.

NEEDHAM, Mass., June 9, 2021 /PRNewswire/ -- A new travel trends research paper released today by Tripadvisor^®, the world's largest travel guidance platform*, reveals that vaccine rollouts globally are driving increasing demand for summer vacations, with vaccinated travelers more likely to stay longer and spend more on their trips than unvaccinated travelers.

The report, entitled 'A Shot in The Arm for Travel? Examining the Vaccine's Impact on Leisure Travel Demand', provides a unique insight into emerging travel planning trends around the world by combining behavioral analysis of Tripadvisor's first-party search data - revealing the type of trips travelers are actively researching on the world's largest travel platform - with consumer sentiment analysis gathered via traveler surveys in six major international markets, exploring the latest in traveler attitudes and confidence.

The report identifies clear behavioral differences in how vaccinated and unvaccinated travelers are thinking about travel, and how that is translating into travel planning behaviors on the Tripadvisor platform, with vaccinated travelers more likely to be booking vacations already, and to be planning to stay longer and spend more when they travel.

In countries like the U.S. and the UK, where the vaccination rollout has reached large swathes of the adult population, eager travelers are pushing the tourism recovery forward. At the other end of the spectrum, countries where the vaccine rollout is at a less advanced stage and new variants of Covid-19 have impacted local populations - particularly across the Asia-Pacific region - are experiencing a slower recovery in leisure travel demand.

"Higher income millennial travelers were driving the demand for leisure travel this past spring, but heading into the summer the age demographic of travelers now booking up vacations has broadened significantly, at least in countries where large populations have been vaccinated," said Stephen Kaufer, CEO and co-founder, Tripadvisor, Inc. "If ever we needed proof that vaccines are the key to long-term recovery in the tourism sector, our latest trend data provides it. Now the focus must be on governments and international organizations to ensure vaccines reach every part of the world as quickly as possible and make it as easy as possible for vaccinated tourists to travel globally once again."

Key findings from the report include:

1. The vaccine has a significant impact on the demand for accommodations. Countries where the pace of the vaccination rollout is more advanced, like the U.S. and UK, are powering near-term growth in tourism demand, while a more muted recovery picture emerges across the Asia-Pacific region:

• Half (51%) of U.S. respondents plan on taking a summer vacation somewhere in the U.S, and nearly a quarter (22%) plan on taking a summer vacation abroad.
• U.S. weekly hotel search volumes continue to mirror sentiment trends. In the first week of May 2021, hotel searches were at a higher level than at any stage since the start of the pandemic.
• Elsewhere, since the turn of the year, the UK, Spain, Italy, Germany and France have all seen significant growth in hotel search traffic on Tripadvisor, while in Australia - which is heading into its winter months - the recovery in search traffic has been largely flat.
• Vaccinated travelers are a key driver of demand - when surveyed, a third (32%) of vaccinated travelers globally said they had booked a domestic vacation, of whom eighty percent (80%) agreed that the vaccine had been a factor in their decision to book. By comparison, less than a fifth (19%) of unvaccinated travelers had already booked a domestic trip.
• Among those yet to be vaccinated, nearly half (48%) of those planning a domestic trip are waiting to receive at least one dose of the vaccine before booking.

2. Vaccine rollouts are also offering a boost to dining and experiences:

• In the first week of May 2021, weekly U.S. restaurant searches on Tripadvisor were at a higher volume than at any stage since the pandemic began and experience searches were already close to last year's summer peak.
• The UK, France and Italy all experienced an upwards spike in restaurant searches on Tripadvisor in April, with dining searches there outpacing traffic volumes at the same stage in 2020.
• Among vaccinated travelers surveyed globally, forty-one percent (41%) said they feel more confident to dine indoors, a quarter (25%) feel more confident to visit a museum, and twenty-three percent (23%) feel more confident to visit a theme park.

3. Domestic tourism is dominating travel planning searches for the peak season ahead, but for trips further out travelers are already actively planning international travel:

• In the first week of May, travelers planning summer vacations on Tripadvisor were overwhelmingly searching for domestic vacations - seventy-five (75%) of June vacation searches globally were for domestic destinations, as well as sixty-seven (67%) of searches for July trips and sixty-two percent (62%) of those looking to get away in August.
• However, for trips planned later in the year, international hotel searches on Tripadvisor made up the majority of trips planned from November 2021 onwards.

4. The urban tourism revival is in full swing! City destinations are re-emerging as the trip of choice for vaccinated travelers:

• Of those vaccinated travelers planning to vacation in 2021, nearly a third (32%) say they feel more confident about visiting an urban center as a result of receiving at least one dose of the vaccine.
• More than a third (35%) of vaccinated respondents in the U.S. are planning a city vacation in 2021, compared to less than a quarter (24%) of unvaccinated U.S. respondents. In fact, the top five most searched destinations in the U.S. on Tripadvisor (based on site queries in the first week of May 2021) included markets like New York City, Orlando and Las Vegas.

5. On average, vaccinated travelers plan to spend more and vacation longer than other travelers:

• Globally, twenty-two percent (22%) of respondents plan to take a longer trip than they would have done pre-pandemic, rising to nearly a third (30%) of vaccinated respondents.
• During the first week of May, nearly half (46%) of all international accommodation searches on Tripadvisor were for stays lasting six days or more.
• Globally, more than a third (35%) of vaccinated travelers surveyed plan to spend more on their next trip compared to what they spent on travel prior to the pandemic, while only a fifth (20%) of those yet to receive the vaccine plan to do so.
• In the U.S. overall, forty percent (40%) of travelers surveyed say they plan to spend more on their next trip.

"After such a turbulent year, many in tourism are hopeful that a busy summer will provide a much-needed boost to the tourism industry, so it's welcome news to see the latest traveler data pointing in that direction, especially for destinations and hospitality businesses that are able to capture the growing demand for domestic vacations," said Christopher Hsi, head of market research, Tripadvisor. "What offers even greater hope for a long-term recovery is the impact the vaccine is having not just on people's confidence to travel, but also their willingness to turn planning into bookings. As more and more countries make progress on the rollout of the vaccine, and the positive impact that should have on the re-opening of international borders, there is every reason to expect further growth in traveler demand will come."

You can read the report in full here: https://www.tripadvisor.com/TravelTrendsReportJune2021

NOTES TO EDITOR

The data cited in this release was gathered and analyzed from two key sources:

• A Tripadvisor Consumer Sentiment Survey, based on data drawn from an online survey of 2,413 consumers per survey, in partnership with Qualtrics, conducted between April 23, 2021 - April 30, 2021 across six countries - U.S., U.K., Australia, Italy, Singapore and Japan.
• Site behavioral data sourced from first party traffic data on the Tripadvisor platform, gathered between May 4, 2020 - May 9, 2021

Other recent studies released by Tripadvisor include:

• 'The Year of the Travel Rebound: 5 Traveler Trends to Watch Out for in 2021,' the full report can be read in full, for free, here: https://www.tripadvisor.com/InfoCenter-a_ctr.2021TravelTrends
• 'Beyond COVID-19: The Road to Recovery for the Travel Industry,' the full report can be read in full, for free, here: https://www.tripadvisor.com/Covid19WhitepaperMay2020
• '2020 - A Year in Travel: Charting the Travel Industry's Path to Recovery', the full report can be read, for free, here: https://www.tripadvisor.com/Covid19WhitepaperNovember2020

About Tripadvisor
Tripadvisor, the world's largest travel guidance platform*, helps hundreds of millions of people each month** become better travelers, from planning to booking to taking a trip. Travelers across the globe use the Tripadvisor site and app to discover where to stay, what to do and where to eat based on guidance from those who have been there before. With more than 887 million reviews and opinions of nearly 8 million businesses, travelers turn to Tripadvisor to find deals on accommodations, book experiences, reserve tables at delicious restaurants and discover great places nearby. As a travel guidance company available in 43 markets and 22 languages, Tripadvisor makes planning easy no matter the trip type.

The subsidiaries of Tripadvisor, Inc. (NASDAQ: TRIP), own and operate a portfolio of online travel brands and businesses, operating under various websites and apps, including the following websites:

www.bokun.io, www.cruisecritic.com, www.flipkey.com, www.thefork.com (including www.lafourchette.com, www.eltenedor.com, www.bookatable.co.uk, and www.delinski.com), www.helloreco.com, www.holidaylettings.co.uk, www.housetrip.com, www.jetsetter.com, www.niumba.com, www.seatguru.com, www.singleplatform.com, www.vacationhomerentals.com, and www.viator.com.

* Source: SimilarWeb, unique users de-duplicated monthly, March 2021
** Source: Tripadvisor internal log file

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SOURCE Tripadvisor

FAQ

What is the impact of COVID-19 vaccines on travel demand for Tripadvisor (TRIP)?

The latest report by Tripadvisor reveals that vaccinated travelers are significantly driving the demand for summer vacations, with higher booking rates and spending.

How are U.S. travelers responding to vaccination rollouts according to Tripadvisor (TRIP)?

According to Tripadvisor, 51% of U.S. respondents plan on taking a summer vacation, and hotel search volumes reached their highest since the pandemic.

What regions are struggling with travel demand post-vaccination according to Tripadvisor (TRIP)?

Regions with slower vaccination rollouts, especially in the Asia-Pacific, are facing a slower recovery in leisure travel demand.

What trends in dining and tourism did Tripadvisor (TRIP) report for vaccinated travelers?

Vaccinated travelers showed increased confidence in dining indoors and participating in urban tourism, leading to a rise in related searches.

How is Tripadvisor (TRIP) tracking future travel plans for 2021?

The report indicates that while domestic travel is currently dominating searches, there is a growing interest in international travel for later in the year.