As the summer travel season continues, major companies like hotel chain Marriott International (MAR) and Norwegian Cruise Line (NCLH) present a mixed picture of travel consumer trends. Travel expert Jen Ruiz joins Wealth! to discuss her outlook on the travel industry.
Ruiz says people are increasingly opting for cruises over other forms of travel because of their convenience. She notes that with cruises, consumers simply “show up”: everything is included, multiple destinations are visited and there is a predefined itinerary.
Consumers are still feeling the pressure of inflation, but Ruiz observes that people are traveling more strategically. “We’ve seen people cut back on their spending, so maybe they’re not necessarily traveling internationally. Maybe they’re trying to do domestic destinations instead. Maybe they’re looking at cruises as an all-inclusive option to cut down on additional costs,” the travel agency’s CEO said. 12 trips in 12 months The author explains.
With the Paris 2024 Summer Olympics in full swing, Ruiz explains which French destinations travelers can head to to avoid sports tourism crowds.
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This post was written by Angel Smith
