Amadeus Consumer Travel Spend Priorities 2022

A 15-page report with a distinct focus on the links between travel and fintech primarily based on a survey of 4,500 consumers in June 2022 from France, Germany, UK, USA and Singapore.   

Key findings include that: 

• In the first four months of 2022 air travel search volumes were just 3% down on their 2019 volume 
• Consumers ranked ‘international travel’ as their top priority among six discretionary spend areas over the upcoming twelve months 
• 27% reported that they intend to reduce their travel spend over the upcoming year due to rising prices, while 51% said they intend to reduce expenditure on eating out at restaurants 
• Estimated spend on travel in the next year was $2,670, a little lower than estimated spend back in 2019 of $2,780 
• Consumers reported that they may economise by choosing lower cost hotels, flights or destinations due to cost-of-living pressures 

• 75% of respondents said that they were more likely to choose a paid-by-instalment option to fund travel over the coming year due to economic uncertainties 
• 47% intend to use previously collected loyalty points as a means of part-funding travel in the coming months 
• 73% of consumers claimed they are now more likely to pay attention to costs and fees associated with using foreign exchange services