What is the future of group travel?

What is the future of group travel? Recent reports show that 50% of people hope to take at least one holiday with friends before the end of the year, while the number of families planning to travel together is expected to rise by 25% annually.

How do travel groups make money?

Corporate travel agencies make money mainly from service fees, net/private fares, and from airline commissions. Airline tickets are the lifeblood of corporate agencies (also known as TMCs or travel management companies).

Is solo travel becoming more popular?

If so, you've come to the right place! In 2021, Google Trends revealed that 'solo travel' has grown by over 761%, showing a keen interest in taking trips alone. Sources: We've include the source under each stats, or head over to the end of this post for a round-up of all the articles and sources used.

What is the future of the travel industry?

Travel and tourism GDP is predicted to grow, on average, at 5.8 percent a year between 2022 and 2032, outpacing the growth of the overall economy at an expected 2.7 percent a year. ⁵. So, is it all systems go for travel and tourism? Not really. The industry continues to face a prolonged and widespread labor shortage.

What groups travel the most?

Millennials between 23-38 seem to be the age group that travels the most with an average of 35 vacation days a year.

Why is it smarter to travel in groups?

People who travel in groups are bound to connect with others who they would never have given the time to at home. Characters we meet and learn about as we venture outside our familiar home environment can significantly enhance understanding, tolerance, and humanity, both nationally and globally.

How will travel change in 2023?

There will likely be a preference for visiting less-crowded destinations in 2023. This is partly due to COVID-19 concerns, but perhaps also due to a growing desire to have a unique experience. Travelers are opting for small group adventure travel, like AAA Club Adventures.

Will travel improve in 2023?

Welcome to Skift Research's State of Travel 2023 Report. Travel is back! While 2022 was all about bumper performances in some countries and sectors, and lagging performances in others, we can truly say that 2023 is the year that travel fully recovered.

What is the travel trend in 2024?

Among the respondents, 25% expressed a desire to explore new and unfamiliar places. On the other hand, 23% expressed a preference for visiting places they are already familiar with. In 2024, people are looking to travel to a variety of destinations. Mexico, Canada, and France emerged as the favorites (each with 42%).

Can you become a rich travel agent?

How much money do travel agents make? This comes down to certain factors such as the type of clients, level of expertise and the ability to offer specialized services. According to Indeed, the average salary of a travel agent in the US is $49,608 but there are many making up to six-figure incomes.

What are the pros and cons of traveling in a group?