1、CONSUMER TRAVEL SPEND PRIORITIES 2023Consumers value transparency during uncertain timesForewordForeword 02Last year,Outpayce from Amadeus partnered with the research firm Opinium to study consumers travel spending habits,to better understand how consumers plan to spend across a range of discretiona
2、ry areas,including travel.This year we repeated this research to see if traveler priorities had changed during the tumult of the last 12 months.The results give us insight into how the consumer outlook has changed over the last year,and what travelers want from the industry for the year to come.The
3、key takeaway?Consumers are continuing to prioritize travel spending and value fintech to help them through uncertain times.In the global economy challenges remain,with currency volatility and cost-of-living pressures having an especially large impact.Despite another year of this instability,our rese
4、arch suggests that travel remains a top priority for consumers.According to our results,international travel is the top discretionary spend priority for consumers.It beat all other discretionary spend items including eating out,big-ticket items and more general leisure activities.In fact,internation
5、al travel was deemed a high priority by 47%of respondents,a 12%increase in comparison to last year.We also used this research to investigate some of the payments pain points travelers face.We found that there is significant demand for transparent Foreign Exchange(FX)services,as well as a continued d
6、esire for Buy Now,Pay Later(BNPL)services.Clearly,fintech has a key role to play in enabling travelers experiences during todays uncertain economic environment.Our research was carried out in April 2023 and surveyed 4,500 consumers who had traveled for leisure at least once in the last year.These tr