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Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 Pricing has also increased due to inflation and is expected to rise further due to increased demand. Overall performance so far this year looks promising. in 2023, with domestic travel increasing by 16.9%
Basically, revenge travel is the global phenomenon of people booking big trips to ‘take revenge’ against the pandemic. At the same time, brands can fortify their position within these optimistic marketforecasts by prioritizing flexibility. Shorter Booking Windows Events and meetings have always been a fast-paced segment.
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