Hi, How Can We Help You?

Blog

October 19, 2022

ETC: Personal Finances Are Main Reason Behind Passengers’ Decision Not

The last report of the European Travel Commission (ETC) has revealed that the appetite for trips abroad during the last months of this year has improved.

According to the report, citizens from Brazil, Canada, and the United States of America have been interested the most in traveling long-haul for a period between September and December this year, compared to the peak summer season, SchengenVisaInfo.com reports.

“With the cost-of-living crisis set to have a crippling impact on household budgets globally this winter, personal finances have become the main reason behind respondents’ (24 per cent) decision not to travel long-haul. Brazilians (55 per cent), Canadians (31 per cent), and Americans (30 per cent) are most sensitive about money matters,” the report shows.

As ETC explains, concerns about COVID-19 are still uncomfortable for many respondents, with 19 per cent citing it as a reason not to travel abroad, especially those in Asia.

In this regard, ETC’s President Luís Araújo pointed out that personal finance will significantly change people’s travel choices in the coming months. However, he said this is a situation that ETC and its members are committed to closely monitoring and addressing.

As for the travel sentiment to the EU, it remains weak among Americans at 94p, with 41 per cent of respondents saying that they would feel safer traveling to EU destinations.

Half of them, or 56 per cent, indicated they want to visit many countries, with France, Italy, Great Britain, and Germany at the top of their list.

American respondents have also revealed that their priorities for them when choosing a destination are high-quality tourist infrastructure (35 per cent), safety (33 per cent), and prices (31 per cent). The overcrowding of a destination with 23 per cent is also considered an important criterion.

The travel sentiment to the EU has also been revived in Canada (104p) after the resumption of flight connections and the lifting of travel restrictions. Almost 60 per cent of those who want to come to Europe want to travel to many countries, so at the top of their destination wish list are France, Italy, and Great Britain.

Brazilians (103 p) also have similar positive feelings about visiting the EU, with over half, or 55 per cent of respondents eager to visit EU destinations in the coming months. In addition, Portugal with 41 per cent tops the list as the preferred destination for Brazilian travelers.

Moreover, Chinese citizens have also shown that the feeling of traveling to the EU remains positive (103 p), with 64 per cent of respondents hoping to visit a European destination in the coming months. On the other hand, 39 per cent of Chinese surveyed state that COVID-19 remains the main barrier to not traveling in September-December 2022.

Meanwhile, over a quarter of Chinese respondents or, 29 per cent think that it is still too complicated to travel abroad due to COVID-19.

Of the total number of respondents, only 22 per cent are thinking of taking a long trip in the coming months, of which 13 per cent have the EU in mind.

Over 60 per cent of Australians surveyed plan an overseas trip by the end of 2022, with 38 per cent considering an EU destination.

As for Russians compared to the summer, the feeling of travel improves both for distant destinations (136p) and for EU ones (87p). Less than a quarter or 24 per cent of respondents plan to travel to Europe in September-December 2022.

Moreover, Turkey, which kept the air connection and its borders open for Russian citizens, is the most popular destination among potential travelers in this market resulting in a percentage of 22 per cent.