STOCK TITAN

Tripadvisor Releases Seasonal Travel Index Results (June - August 2023), Outlining Traveler Sentiment and Insights for Australia, Japan, Singapore, United Kingdom and United States

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

NEEDHAM, Mass., May 9, 2023 /PRNewswire/ -- Tripadvisor®, the world's largest travel guidance platform, releases its latest Seasonal Travel Index, providing an outlook for global travel patterns and demand over the next three months. The Index includes top takeaways for the upcoming season, along with country-specific Tripadvisor demand data and insights from its latest traveler sentiment survey.

Seasonal Travel Takeaways

  1. The majority of travelers are planning summer trips
    With summer round the corner in the northern hemisphere, the next three months look set to be an extremely busy period for global travel, with over three-quarters of those surveyed (78%) planning leisure trips between June and August. The vast majority of these travelers (95%) plan to travel the same amount (42%) or more (53%) compared to last year. Of the markets surveyed, Singapore has the most active traveler community, with 84% planning a trip between June and August, while just two-thirds of Japanese travelers will take leisure trips during the same period.

  2. Most will spend more than they did last year
    Over half of those surveyed (55%) will spend more on travel in the next few months compared to the same period last year, while around a third (37%) expect to spend about the same amount. Just 7% plan to spend less, despite a challenging economic outlook for many markets. Indeed, just 2 in 5 travelers surveyed (41%) said macroeconomic factors will change how they travel over the next three months, with two-thirds of these (65%) citing higher living costs, due to inflation, as the reason. Around two-fifths (41%) will travel for shorter periods, while a third (31%) will take fewer trips.

  3. City-breaks remain popular
    While beach destinations feature prominently in the list of top leisure trip destinations, it's the world's major cities that will continue to dominate travel demand between June and August. According to Tripadvisor's site behavioral data, Paris, London and Rome are the top three international destinations for travel over the next three months. Even in Australia, where travelers typically look to South-East Asia for winter sun, the data shows London will be the most in demand destination, with Paris third on the list and Rome seventh.

  4. Younger travelers eager to explore this season
    Millennials, in particular, seem eager to get back out there, with the Index revealing that this group are more likely to travel this upcoming season, compared to other age groups. However, younger respondents (Gen Z and millennials) are also more likely to alter upcoming travel plans due to macroeconomic factors compared to older groups (49% vs 31%, on average).

  5. Vacation planners looking for new experiences
    Over half of respondents (56%) have booked or plan to book on-trip activities ahead of their upcoming trip, highlighting a trend for more experiential trip elements. About three-quarters of these will book their activities prior to their trip beginning, with a fifth (20%) booking four or more weeks before their trip. Gen Z and Millennial travelers are more likely to make advance bookings for experiences and activities than older age groups (68% vs. 41%, on average).

Alice Jong, Research and Insights Senior Analyst, Media at Tripadvisor commented: "With so many eager to get away this summer, early planning and booking are vital to secure preferred accommodations, flights, and experiences. With many consumers conscious of cost in the current climate, a little flexibility during the planning process can help to drive down the price of their trips. For example, when we look at the top international destinations over the next three months, Paris hotel prices are lowest during the week June 19-25, while August 28 - September 03 is the most affordable week to visit London."

Traveler Sentiment Survey Data
Of those surveyed, two-thirds (78%) of respondents plan to travel for leisure this upcoming season

  • US: 82%
  • UK: 81%
  • AUS: 66%
  • JP: 65%
  • SG: 84%

Collectively, over half of respondents (53%) are planning to travel more this upcoming season than they did last year.

  • US: travel more (55%), about the same (39%), less (6%)
  • UK: travel more (42%), about the same (48%), less (10%)
  • AUS: travel more (43%), about the same (49%), less (8%)
  • JP: travel more (50%), about the same (48%), less (2%)
  • SG: travel more (66%), about the same (31%), less (3%)

Of those, over three-quarters (77%) plan to take between 1-2 trips, while more than one-in-five (22%) plan to take three or more trips.

  • US: 1-2 trips (62%), 3-5 trips (31%), 6+ trips (7%)
  • UK: 1-2 trips (79%), 3-5 trips (18%), 6+ trips (3%)
  • AUS: 1-2 trips (87%), 3-5 trips (10%), 6+ trips (2%)
  • JP: 1-2 trips (84%), 3-5 trips (13%), 6+ trips (3%)
  • SG: 1-2 trips (80%), 3-5 trips (15%), 6+ trips (5%)

Almost half (46%) plan to travel domestically, while around a quarter will travel either internationally (27%), or both domestically and internationally (28%)

  • US: Domestic (70%), International (6%), both (25%)
  • UK: Domestic (31%), International (32%), both (37%)
  • AUS: Domestic (57%), International (16%), both (27%)
  • JP: Domestic (80%), International (5%), both (15%)
  • SG: Domestic (4%), International (68%), both (28%)

Over half of travelers globally (55%) plan to spend more on travel this upcoming season compared to the same period last year.

  • US: 60%
  • UK: 46%
  • AUS: 50%
  • JP: 57%
  • SG: 68%

Only two in five respondents (41%) said macroeconomic factors will change how they travel over the next three months.

  • US: 41% (41% will take shorter trips, 37% will take fewer trips)
  • UK: 32% (48% will take shorter trips, 40% will take fewer trips)
  • AUS: 29% (38% will take shorter trips, 32% will take fewer trips)
  • JP: 47% (36% will take shorter trips, 18% will take fewer trips)
  • SG: 50% (43% will take shorter trips, 39% will take fewer trips)

Cost/affordability (65%) is nearly twice as important to respondents as other factors such as trip length (38%) and trip type (35%) when planning a vacation.

  • US: Cost/affordability (62%), trip length (41%), trip type (36%)
  • UK: Cost/affordability (71%), trip length (45%), trip type (45%)
  • AUS: Cost/affordability (72%), trip length (45%), trip type (32%)
  • JP: Cost/affordability (71%), trip length (27%), trip type (35%)
  • SG: Cost/affordability (63%), trip length (38%), trip type (21%)

Top Destinations

  • Dates of search: January 10  - April 10, 2023
  • Dates of travel: May 29 - August 31, 2023

Global

Overall

Domestic              

International

1. Paris, France

1. Orlando, U.S.

1. Paris, France

2. London, U.K.

2. Myrtle Beach, U.S.

2. London, U.K.

3. Rome, Italy

3. Las Vegas, U.S.

3. Rome, Italy

4. Cancun, Mexico

4. Honolulu, U.S.

4. Cancun, Mexico

5. Barcelona, Spain

5. London, U.K.

5. Barcelona, Spain

6. New York City, U.S.

6. New York City, U.S.

6. Punta Cana, Caribbean

7. Antalya, Turkey

7. Key West, U.S.

7. Antalya, Turkey

8. Punta Cana, Caribbean

8. Lahaina, Hawaii

8. Amsterdam, Netherlands

9. Orlando, U.S.

9. Ocean City, MD.

9. New York City, U.S.

10. Amsterdam, Netherlands

10. Chicago, Ill.

10. Singapore

United States

Rank

Domestic              

International

1.

Orlando, Fla.

Cancun, Mexico

2.

Myrtle Beach, S.C.

Paris, France

3.

Las Vegas, Nev

Punta Cana, Dominican Republic

4.

Honolulu, Hawaii

London, U.K.

5.

New York City, N.Y.

Cabo San Lucas, Mexico

6.

Key West, Fla.

Rome, Italy

7.

Ocean City, MD.

Bavaro, Dominican Republic

8.

Lahaina, Hawaii

Playa del Carmen, Mexico

9.

Chicago, Ill.

Providenciales, Turks and Caicos

10.

Nashville, Tenn.

Montego Bay, Jamaica

United Kingdom

1.

London

Benidorm, Spain.

2.

Edinburgh

Antalya, Turkey

3.

Blackpool

Paris, France

4.

Liverpool

Barcelona, Spain

5.

Manchester

Costa Adeje, Spain

6.

York

Amsterdam, The Netherlands

7.

Bournemouth

Dubai, U.A.E.

8.

Glasgow

Rome, Italy

9.

Brighton

New York City, U.S.

10.

Newquay

Albufeira, Portugal

Australia

Rank

Domestic            

International

1.

Sydney

London, U.K.

2.

Melbourne

Singapore, Singapore

3.

Cairns

Paris, France

4.

Port Douglas

Legian, Indonesia

5.

Brisbane

Seminyak, Indonesia

6.

 Darwin

Sanur, Indonesia

7.

Surfers Paradise

Rome, Italy

8.

Noosa

Kuta, Indonesia

9.

 Broadbeach

Nusa Dua, Indonesia

10.

 Palm Cove

Ubud, Indonesia

Japan

Rank

Domestic              

International

1.

Chuo

Honolulu, U.S.

2.

Onna-son

Seoul, South Korea

3.

Miyakojima

Paris, France

4.

Naka

Bangkok, Thailand

5.

Naha

Singapore, Singapore

6.

Urayasu

London, U.K.

7.

Ishigaki

Da Nang, Vietnam

8.

Minato

Rome, Italy

9.

Sendai

Ubud, Indonesia

10.

Konohana

Anaheim, Indonesia

Singapore

Rank

Domestic              

International

1.

Singapore

Bangkok, Thailand

2.

-

Hong Kong, China

3.

-

Seoul, South Korea

4.

-

Chuo, Japan

5.

-

London, U.K.

6.

-

Paris, France

7.

-

Kuala Lumpur, Malaysia

8.

-

Seminyak, Indonesia

9.

-

Shinjuku, Japan

10.

-

Osaka, Japan

Most popular day and week to travel by country - June 01 to August 31, 2023

Country

Most Popular Day of Travel

Most Popular Week of Travel

United States

June 03

June 12 - July 18

United Kingdom

June 30

May 29 - June 04

Australia

June 30

June 26 - July 02

Japan

June 30

May 29 - June 04

Singapore

June 11

May 29 - June 04

Methodology
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 over 2,400 consumers, in partnership with Qualtrics, conducted between March 17-27, 2023 across six countries - Australia, Italy, Japan, Singapore, U.K. & U.S.

Site behavioral data sourced from first party traffic data on the Tripadvisor platform, gathered between January 10 2023- April 10 2023, for searches made by travelers in the U.S., U.K., Australia, Japan and Singapore for travel between June 01 through August 31, 2023.

Authors
This report was compiled by Tripadvisor's research (Alice Jong) and communications (Duncan Skehens) teams in partnership with survey results conducted by Qualtrics Research.

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 1 billion 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 travel media brands and businesses, operating under various websites and apps.

*   Source: SimilarWeb, unique users de-duplicated monthly, March 2023
** Source: Tripadvisor internal log files

TRIP-G

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tripadvisor-releases-seasonal-travel-index-results-june---august-2023-outlining-traveler-sentiment-and-insights-for-australia-japan-singapore-united-kingdom-and-united-states-301819253.html

SOURCE Tripadvisor

TripAdvisor, Inc.

NASDAQ:TRIP

TRIP Rankings

TRIP Latest News

TRIP Stock Data

1.97B
126.54M
13.68%
83.36%
6.67%
Travel Services
Services-computer Programming, Data Processing, Etc.
Link
United States of America
NEEDHAM