Travel Industry ForecastThough the UK economy has finally emerged from recession, most reliable forecasts predict a slow recovery and continued pressure in many sectors of the economy. Job growth and unemployment numbers are always a major concern as well as economic indicators like as home and auto sales. In the end, as you might expect, people don’t travel or take vacations nearly as much in a poor economy. And with the UK economy expected to remain stagnant for the foreseeable future, now is not the best time for the travel industry. Of course, that doesn’t mean that people have simply stopped taking trips. But there is no question that folks have altered their travel habits to deal with the new economic reality. Not only are they taking fewer vacations, but when they do plan a trip, they do it on the cheap. For instance, they book affordable flights, find economical hotel rooms, and reserve Car hire Australia . And because travel companies are now desperate to secure new clients, they have been forced to accommodate the new cost-conscious traveller by offering special deals and incentives from door-to-door. These freebies often include things like gift cards, a day at the spa, a free meal, or even an extra night on the house. All early indications are that companies that cater to the traveller on a budget are doing okay, while those that service select clientele and offer luxury accommodation and travel are foundering. |