The widespread rise in prices in Europe has not cooled the desire of residents of the Old World countries to travel.
"In the face of a sharp increase in domestic inflation rates, cheaper travel services have allowed many Europeans not only to satisfy their desire to go on vacation abroad, but also to make sure that they can make ends meet at the same time," says Ralph Hollister, an analyst at GlobalData, a data and analytics company.According to him, despite inflation, the demand of Europeans for traveling abroad has not decreased much.
"The situation with overcrowded airports across Europe demonstrates that the demand for international travel stimulated by the coronavirus pandemic still exists," Hollister said.He expects that in the conditions of the impending economic downturn, the desire of Europeans to travel will be facilitated by a reduction in the cost of tourist services.A recent survey conducted by GlobalData among various social categories of residents of the UK, where the fuel and energy crisis is acutely felt, showed that even among the least affluent categories of Britons, the demand for travel is not weakening.20.8% of semi-skilled and unskilled workers surveyed by the company reported that they still plan to go abroad this summer."
In the conditions of the approaching economic downturn, the desire of Europeans to continue traveling will be facilitated by a reduction in the cost of tourist services," Hollister said.
Reuters has reported that the New Zealand government has announced a nearly threefold increase in fees for foreign tourists. Starting October 1st, the entry fee to the country will be 100 New Zealand dollars, equivalent to approximately 62 US dollars
The press service of the Russian Ministry of Economic Development has reported that, according to Rosstat, Russian hotels, sanatoriums, and other accommodation facilities welcomed 9.99 million guests in July of this year
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