Market Edge: Revenge travel or the term that describes the sudden increase in people wanting to travel after prolonged isolation would likely continue despite elevated inflation. For more ANC Interviews, click the link below: For more Market Edge videos, click the link below: For more ANC Highlights videos, click the link below: Subscribe to the ANC YouTube channel! Visit our website at Facebook: Twitter: #ANCNews #ANCHighlights #MarketEdge...(read more)
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Revenge travel, the term coined to describe the surge in travel bookings and vacation plans amid the easing of pandemic restrictions, is expected to continue despite fears of high inflation. As the world slowly recovers from the COVID-19 crisis, many industry experts predict that people will remain eager to make up for lost time by indulging in their travel desires. While concerns about rising costs and inflation rates loom large in the minds of consumers, industry groups argue that the desire to explore new destinations and reconnect with loved ones will outweigh these worries. The Association of National Travel Organizations (ANC) believes that the pent-up demand for travel will drive people to pursue their wanderlust regardless of economic fluctuations. High inflation has been a topic of concern for individuals and businesses alike, with rising prices affecting various sectors of the economy. The fear of increased costs related to travel, such as accommodation, transportation, and dining, may deter some people from embarking on their dream vacations. However, the ANC points out that industry players are implementing strategies to mitigate the impact of inflation on travel prices. Many travel companies have already begun developing pricing models that take potential inflation into account. By securing long-term contracts with suppliers and adjusting their offerings, they aim to provide customers with competitive rates while also safeguarding their own profitability. Additionally, the introduction of flexible booking options and refund policies provides reassurance to travelers who may still harbor concerns about the uncertain economic landscape. Revenge travel has already witnessed a strong resurgence in recent months as vaccination rates increase, and countries gradually reopen their borders. People are yearning to escape the confines of their homes and experience the joys of exploring new cultures, cuisines, and landscapes. The allure of revenge travel lies in its ability to allow individuals to make up for lost time, cherish moments with loved ones, and create lasting memories. The travel industry has also adapted to ensure the safety and well-being of travelers. Enhanced hygiene protocols, improved ventilation systems, and increased vaccination requirements have become common measures taken by airlines, hotels, and other travel service providers. These steps are designed to instill confidence and address concerns regarding exposure to the virus while traveling. While inflation may lead to increased prices, industry experts believe that the desire for revenge travel will persist due to the emotional and psychological benefits it offers. People are yearning for a sense of normalcy and the opportunity to embrace the wonders of the world once again. Travel has proven to be a powerful way to reconnect with oneself and others, providing a much-needed respite from the challenges brought on by the pandemic. In conclusion, revenge travel is expected to continue despite concerns about high inflation. The travel industry is taking proactive measures to mitigate the impact of rising costs and ensure competitive pricing. With safety measures in place and the desire to make up for lost time, people are likely to embrace travel as a means of finding solace, joy, and connection in a post-pandemic world. https://inflationprotection.org/despite-high-inflation-revenge-travel-expected-to-persist-says-industry-group/?feed_id=123208&_unique_id=64c95b3b25c01 #Inflation #Retirement #GoldIRA #Wealth #Investing #MarketEdge #MarketEdge_HL #philippines #ABSCBN #ABSCBNNews #ABSCBNNewsChannel #ABSCBNPhilippines #ANC #ANC247 #ANCAlerts #ANCExclusives #ANClatest #ANCNews #ANCPhilippines #ANCRundown #balita #channelanc #formatdeepdive #formathighlights #formatreport #genrehealth #genresociety #highinflation #inflation #July282022 #latestNews #news #NewsandCurrentAffairs #NewsDaytime #PhilippineNews #Revengetravel #seriesmarketedge #sourceaudio #typebroadcast #typedigital #InvestDuringInflation #MarketEdge #MarketEdge_HL #philippines #ABSCBN #ABSCBNNews #ABSCBNNewsChannel #ABSCBNPhilippines #ANC #ANC247 #ANCAlerts #ANCExclusives #ANClatest #ANCNews #ANCPhilippines #ANCRundown #balita #channelanc #formatdeepdive #formathighlights #formatreport #genrehealth #genresociety #highinflation #inflation #July282022 #latestNews #news #NewsandCurrentAffairs #NewsDaytime #PhilippineNews #Revengetravel #seriesmarketedge #sourceaudio #typebroadcast #typedigital
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