£ 2,195 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 3,695 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 995 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 3,695 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 3,695 (Excl.Tax)
£ 2,195 (Excl.Tax)
Holidays and Travel Market Research
Mintel’s Holidays and Travel market research combines the latest market intelligence, industry insights and expert recommendations to help you anticipate what’s next in the Holidays and Travel industry.
Our reports can help you:
Related to: 'Holidays and Travel'
Understand the trends that impact the Travel Industry
The past 5-year trend in the travel industry
COVID has transformed the travel market, influencing everything from how people book holidays, when they book them, where they visit and how often they travel. Restrictions and lack of access to in-person booking methods have encouraged more people to shift to online channels, whilst uncertainty has led to many people booking holidays closer to the date of departure.
Meanwhile, recent travel industry trends have indicated a shift in demand towards the domestic market as a larger share of travellers opt to explore what the UK has to offer amidst concerns about the perceived hassle and associated expense of holidaying abroad.
Current Travel Market outlook
Holiday bookings started to gain momentum in the first half of 2022 and into the summer. However, the rising living costs have begun to curb the travel industry’s recovery, with 38% of consumers planning on spending less or nothing on holidays during 2022.
Despite this, Mintel’s travel market research shows some promising news for the holiday sector, indicating that consumers are twice as likely to prefer holiday companies to increase prices rather than reduce the quality of their service. Whilst many holidaymakers are likely to cut back on the number of holidays they take, many will be willing to pay extra to ensure they receive a high-quality experience.
The future five-year trend in the UK travel industry
The pandemic has shined a light on the importance of physical and mental wellbeing, and as such, there is surging interest in holidays that provide wellness benefits. Mintel’s travel industry experts reveal that as consumers return to holidaying regularly, concerns about sustainability will come to the fore, meaning initiatives that help travellers minimise their environmental impact will resonate.