With the background of global economic uncertainty, travelers will still continue to prioritize travel in 2023 but will be more mindful over maximizing their travel budget and what takes precedence. As a result, 2023 will see financially savvy itinerary curation at its finest, with people planning travel budgets more tightly by taking advantage of deals, hacks and smartly-timed travel (63%) and prioritizing value for money with discounts and loyalty programs (60%). Yet many travelers are surprisingly prepared to dial up their spend – and even splurge – on the components of their trip that mean the most to them: 49% admit that they plan to be more indulgent while on vacation to make up for the lack of travel during the pandemic, while 43% plan to spend lavishly to ensure every experience is the absolute ultimate.
Saving to Splurge
Shifts in Travel