Latest figures show 35 percent of travelers would consider a vacation as early as this summer. 78% of travelers would journey by air for their next vacation.
MIAMI, FL – Overseas Leisure Group, a luxury travel operator in 34 countries across the globe, has released its highly anticipated survey results that shows encouraging news for the bruised travel industry, and pent-up demand for hotels and resorts to open their doors in time for the summer vacation season.
The nationwide survey by the leading Miami-based travel group was conducted among 2,000 travel enthusiasts in the U.S. between April 20th and April 22nd, revealing a series of positive trends in tourism for the immediate future and remainder of the year. Despite the current Coronavirus pandemic, the survey shows 72 percent of Americans are already making plans for their next vacation and 35 percent of travelers would consider a vacation as early as this summer. Key findings from the survey indicate an optimism towards a resurgence within the travel and tourism industry, valued at $580 billion last year according to Statista. Other notable results from the nationwide study include:
- 78% of travelers would journey by air for their next vacation.
- 82% of the country considers the travel market to be on pause rather than permanently transformed.
- 42% of people are ready to make a reservation now if it was risk free (no deposit / cancellation fee).
- 45% of those surveyed would plan to travel outside of the United States.
- 26% of vacationers would opt for staying at a trendy beach resort as their next destination.
“Our nationwide survey offers some excellent insight in to which direction we can expect to see the travel market head following the current wave of Coronavirus,” says Felix Brambilla, CEO of Overseas Leisure Group. “After more than six weeks of confinement, dreams of resuming our adventures are increasingly front-of-mind. We are seeing a higher-than-usual interest in more secluded staycations, away from the crowds, and domestic destinations where regulations are less likely to be an obstacle. Our network of travel advisors came up with an early solution to allow travel planning again, and we’ll shortly be announcing an attractive proposition for those who require a risk-free option for their Summer and Fall bookings.”
According to Statista, domestic and international travelers spent nearly $1.1 trillion U.S. dollars ($1,127 billion) in 2019 alone. When this sum is split by type of traveler, domestic travelers spent $972 billion, while international travelers spent $155 billion. Total travel expenditure in the U.S. is forecasted to reach $1.26 trillion by 2022.
“We are in unprecedented times, never before has the industry or world seen business disruption on this level and it is truly the voice and action of the customers that will guide us and lift us back up,” says Scott Geraghty, COO of Faena Hotels Group. “At Faena, we are optimistic about the future given the destination we are in and our unique offerings–an escapist beach experience which is easily accessible. We are delighted to see the results of the survey echo our belief.”
Overseas Leisure Group is a growing global network dedicated to providing travel professionals with insider expertise for all luxury travel needs. The company is represented in 34 countries through 41 offices and continues to expand every year. Through its brands, Overseas Leisure Group provides unique luxury programs for individuals, groups and high net worth individuals.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
