Expedia Travel Recovery Trend Report Q2 2022
A 22-page report detailing Expedia’s analysis of its first-party data and custom research.
Key findings include that:
- Demand for long-haul flights increased at an annual rate in excess of 50% during the quarter
- Overall search volumes remain steady and the tendency to be searching for travel with a short booking lead time persists
- Searches and bookings for London and Paris enjoyed particularly strong growth during the past three months
- The number of hotel room cancellations has declined sharply in recent months
- The average price paid for a flight ticket in Q2 2022 was more than 10% up on the equivalent period of 2019, with the sharpest increases seen on flights in Europe, Middle East and Asia Pacific
- Analysis reported from a separate Expedia study indicates that there is growing interest among travellers in opting for suppliers that deliver an inclusive travel ethos
- Underpinning the optimistic outlook are results from a consumer survey conducted in April suggesting that the typical consumer will take three trips in the upcoming twelve months