American Express (NYSE:AXP) released the American Express Travel: 2022 Global Travel Trends Report1 today, which indicates that people are eager to travel more than last year, and plan to spend more or the same in 2022, compared to a typical pre-pandemic year. The report, based on data from the United States, Australia, Canada, Mexico, Japan, India and the United Kingdom, reveals that consumers travel to see the people and places they love , celebrating life’s important moments, embarking on dream excursions, attending events in person, and to have a greater sense of well-being and better self-care. During the 4th quarter of 2021, the Cardholder global bookings made through American Express Travel increased 24% compared to 2019 and continued to increase in 2022.
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“The pandemic has forced all of us, including travelers, to define what’s really important,” said Audrey Hendley, president of American Express Travel. “The Global Travel Trends Report shows that tourists are catching up on lost time and thinking about who they travel with, places they visit, brands they support, and how they spend their money as travel industry is moving forward. »
Key data from the American Express Travel: 2022 Global Travel Trends Report:1
- The world is ready to travel: 74% of respondents agree that they are ready to book a trip for 2022, even if they may have to cancel or change it later. 1 . Hence an increase from 56% last year.2
- Travel spending exceeds pre-pandemic levels : 86% of consumers plan to spend the same or more on travel in 2022, compared to a typical pre-pandemic year.1
- Tourists want to travel more often: 62% of respondents intend to make between 2 and 4 trips in 2022 and 76% of respondents admit planning to travel more with their family in 2022 than they did in 2021.
- Tourists are looking for brands that prioritize supporting local communities: 81% of respondents want to go to places that allow them to immerse themselves in the local culture and want the money they spend on their trip to go back to the local community.
- Dream destinations become a reality: 55% of respondents want to book the trip of a lifetime this year; this is especially true for millennials (67%) and Gen Z (65%). 55% of respondents want to book a once-in-a-lifetime vacation this year; especially true for Millennials (67%) and Gen Z (65%).
- As entertainment comes alive, so does travel related to in-person events: 56% of respondents said they waited to travel to major entertainment events last year, but plan to return to these types of events this year.
As the momentum for travel continues to build, American Express Travel offers exclusive access and value, unique programs and benefits, and access to unparalleled travel expertise from consultants American Express Travel who provide support to cardholders regardless of the type of travel anticipated.
The American Express Travel: 2022 Global Travel Trends Report can be viewed in its entirety here.
1Survey methodology: This Amex Trendex online survey was conducted by Morning Consult between February 3-11, 2022, with a national sample of 2,000 US travelers and 1,000 travelers in Australia, Canada, India, Japan, Mexico, in the United Kingdom and the United States. Household income corresponds to a minimum of 70,000 USD. Travelers are adults who generally travel by air at least once a year. The results of each market survey have a margin of error of plus or minus 3 percentage points.
2Survey methodology: 2Survey Methodology: This Amex Trendex online survey was conducted by Morning Consult between January 15-24, 2021 among a national sample of 1,000 travelers in Australia, Canada, India, Japan, Mexico and in the United Kingdom, and 2,000 travelers in the United States. Household income (HHI) is over US$70k in Australia, Canada, Japan, UK and USA, over US$50k in HHI equivalent in Mexico and over US$20k in HHI equivalent in India. Travelers are adults who traveled by air at least once in 2019. Results have a margin of error of plus or minus 2 percentage points in the United States; plus or minus 3 percentage points in the other countries.
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