Few trips booked in February, March and April
The pandemic is still taking its toll on the travel industry, and for most of us travel is still a distant dream. LuggageHero's data shows that 70% of respondents worldwide have not booked any trips in February, March or April, 2021.
Unlike the UK and the EU, where 76% and 72% respectively have not booked any trips, only 57% of our participants based in the US have not booked any. The travelers based in the US have booked mostly two-person trips, followed by a family or group trip and a solo trip. Fewer trips have been booked for businesses purposes.
Worldwide, only 2% of the participants have planned a business trip for the months of February, March and April 2021.
Fewer people reducing their travel budget
Back in October, we noticed that 46% of our participants said that they would reduce their travel budget by more than 40%. Now, a few months later in February, and with a whole new year in front of us, the optimism of travel resuming can be seen through the numbers.
Only 29% of our respondents say that they will reduce their budget by more than 40%, compared to the 40% back in October. That could mean that many of the travelers surveyed are seeing an end to the pandemic and hoping that 2021 makes a better year for travel. According to CNN travel, the number of people busting out of their countries will start creeping up this spring and rise higher by mid-year, so we expect to see even fewer people deciding to reduce their budget on the next survey.
The lowest reduction of budget is in the UK, with a total of 52% of participants saying that they will not reduce their travel budget in 2021 at all. They are closely followed by the EU, with 47% noting that they will not reduce their budget, followed by the US with 38% of participants. The participants from the US will reduce their budget for travel the most in 2021, with a total of 18% of travelers reducing their travel budget by more than 60%, a surprisingly high number.
You can see how the sentiment on travel budget has changed since the start of the pandemic up until now.
10% of participants have received a Covid-19 vaccine
We were pleased to see that the vaccine has already reached so many of the participants of our survey. The participants who received most of the vaccines are located in the US, while those who received the least are located in the EU.
On top of that, 66% of participants worldwide intend on receiving the Covid-19 vaccine when it becomes available. Surprisingly, another 10% of participants worldwide also state that they would only get the vaccine if it becomes mandatory for travel, with 5% who do not intend on getting the vaccine at all. CNN travel note that the increasing wide use of vaccination could be the reason for travel to resume at the end of spring.
While the differences are not particularly significant, it seems that participants from the EU have the most positive perception on getting vaccinated, with a total of 70% who plan on getting the vaccine, compared to 65% in the UK and 64% in the US.
Many people plan to revenge travel
Have you heard of revenge travel? The term is used to refer to people going on extra trips or splurging after the corona crisis because they were deprived of that possibility for so long. Our survey results show that a large amount of people worldwide aim to revenge travel. A total of 45% of our participants worldwide aim to engage in revenge travel, but only after waiting a bit to make sure it is completely safe.
Then we have the travelers who may feel like they have held travel on pause for way too long to keep on waiting – 30% of the participants worldwide will revenge travel “as soon as they can.” That leaves only 25% of our worldwide respondents saying no to revenge travel and staying home a bit longer.
There are theories that revenge travel can reignite tourism after the pandemic. However, we still don’t know where the hotspots for revenge travel will be. There is good indication that revenge travel in the US will start soon, with domestic travel first, to start up the long awaited recovery in tourism.