In light of current or potential geopolitical crises, several factors emerge that could negatively affect travel demand.
Generalized price increases
A cross-sector impact on the industry could stem from a significant rise in prices driven by higher fuel and energy costs. In this scenario, 42% of respondents expect to reduce the frequency and/or duration of their trips (17%), to sacrifice comfort and quality (14%), or to cut back on both dimensions simultaneously (11%).
Destinations that cannot be reached or are perceived as unsafe
A key way to interpret the expected behaviors is by looking at how dependent they are on the destination underlying the travel motivations: the more the motivation is agnostic with respect to the destination, the greater the tendency to reorient travel plans; the more it is tied to the uniqueness of the destination or to an unrepeatable event, the higher the likelihood of cancellation or postponement. Among those planning to travel outside Europe, 75% cite motivations that are strictly related to the destination. However, the vast majority also report motivations that are, entirely or partly, not strongly dependent on the destination and therefore replicable elsewhere.