1、TRAVELMARKETREPORTJune 2023Produced by Research&IntelligenceREPORTMike EggletonDirector,Research&IntelligenceNatalia TretyakevichSenior Manager,Research&IntelligenceMelina SibajaTravel Insights AnalystThe Research&Intelligence teamTravel Market Report Welcome to the second edition of the Travel Mark

2、et Report,brought to you by BCD Travels Research&Intelligence team.In this quarters Travel Market Report,we address the following issues:Multiple organizations have presented their views on the trends they expect to play out in travel in 2023.We highlight six that we think will matter most.Travel is

3、 well on the way to recovery.But as we exit the pandemic,a wider range of issues may present headwinds for the recovery to navigate.As they exit one of the worst downturns in their history,airlines are beginning a new round of consolidation.But a queue of new entrants in the pipeline promises to bri

4、ng new competition.In the previous edition of the Travel Market Report,we looked at U.S.airfares;now its the turn of European fares to go under the microscope.Whats happening to hotels?Have rates returned to pre-pandemic levels?How do they compare to last years level?The picture varies,so we take a

5、closer look at whats happening in Asia Pacific,Europe,North America and South America.Next year,Paris is due to host the Summer Olympic Games.What impact can a destination hosting such an event have on travel?What do travelers think of payment and expense?We explore the key findings of our recent gl

6、obal survey of business travelers.Travel trends 2023+16%+16%+37%+13%+19%+16%Source:Euromonitor 10 Global Consumer Trends 2023;Skift MegatrendsTodays travelers put both the planets and their own wellbeing high on their list of priorities.Theyre interested in purchasing sustainable health and mood-enh