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No longer willing to wait on the sidelines, optimistic travelers are booking
“bucket list”-style trips this year, despite rising costs in the travel sphere.
YULusov Andrei | iStock | Getty Images

CNBC Travel


THE BIGGEST TRAVEL TREND OF 2022: GO BIG, SPEND BIG

Published Thu, Jan 20 20226:36 PM ESTUpdated Fri, Jan 21 20227:06 PM EST
Monica Buchanan Pitrelli@MonicaPitrelli
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If 2021 was about domestic travel, 2022 may be the year of the “bucket list”
trip.

This is one of the biggest trends that travel insiders expect this year, despite
2022′s tumultuous start as the omicron Covid-19 variant snarled the industry.


‘NEW SENSE OF URGENCY’ TO HIT THE ROAD

There’s a “new sense of urgency” to travel, said Stephanie Papaioannou, a vice
president at the luxury travel company Abercrombie & Kent. 

“Guests feel they have lost two years, and older clients are concerned about
having fewer healthy years left to travel,” she said.

watch now
VIDEO2:2102:21
Travelers are booking big ‘bucket list’ trips despite higher costs
Squawk Box Asia


Lee Thompson, co-founder of the adventure travel company Flash Pack, agreed.

“People are desperate to get away,” he said. “They’ve been waiting to get back
out there and are not shying away from those international destinations and big,
once-in-a-lifetime adventures.”


THE YEAR OF THE ‘GOAT’

Expedia is calling 2022 the year of the GOAT, or the “greatest of all trips.”



In a survey of 12,000 travelers in 12 countries, the company found that 65% of
respondents are planning to “go big” on their next trip, according to a company
representative. As a result, it named the desire for exciting and extravagant
trips “the biggest travel trend” of the year.

A survey of 12,000 travelers by Expedia found that Singapore residents were the
least likely to have traveled during the pandemic (59%) and the most likely to
want to splurge (43%) on their next trip.
Roslan Rahman | AFP | Getty Images

Amadeus is seeing a jump in searches to “epic destinations,” according to a
company report published in November. Searches to Tanzania (+36%), flights to
Jordan’s Petra (+22%) and bookings to cities near Machu Picchu (nearly +50%)
rose from 2020 to 2021, according to the report.

These trends are expected to grow this year, along with interest in islands in
the Indian Ocean as well as Antarctica, according to the report.

The pandemic has changed the “mood of travelers,” said Decius Valmorbida,
president of travel at Amadeus.

“We have people just say: “Look, what if another pandemic happens? What if I’m
locked in again?’” he said. There’s “a psychological effect that now is the
moment.”


READ MORE

Travel is ‘roaring back’ — but the industry might not be ready for a boom


Searches for stays in vacation homes abroad are now on pace with 2019 levels,
according to HomeToGo’s travel trends report, released in late November.

The international destinations drawing the biggest search increases this year,
compared with 2019, are Tuscany, Italy (+141%), the Bahamas (+129%), French
Polynesia’s Bora Bora (+98%), the Maldives (+97%) and the south of France
(+88%), according to the report.  

The top-searched international destinations for Americans for 2022 travel are
Rome, Bali, London, Paris and Mexico’s Riviera Maya — which includes Playa del
Carmen and Tulum — according to Expedia.
Emily Deltetto / EyeEm | EyeEm | Getty Images

Research shows that those aged 18 to 34 are driving the trend, and families are
also getting in on the act, said Abercrombie & Kent’s Papaioannou.

“Families are choosing destinations they have always dreamt of, especially those
centered around outdoor experiences like Nile River cruises, Machu Picchu,
safaris and barge cruises in Europe,” she said.


LOOSENING PURSE STRINGS

While financially devastating for some, the pandemic has allowed others —
namely, professionals who have been able to work from home — to sock away more
savings.

Some 70% of leisure travelers in major countries — such as the U.S., the U.K.,
Canada, Japan and Spain — plan to spend more on travel in 2022 than they have in
the past five years, according to a November joint report by the World Travel &
Tourism Council and travel website Trip.com.

Travelers are “more willing than ever before” to splurge on future travels,
according to Expedia.
James O’Neil | The Image Bank | Getty Images

Globally, HomeToGo’s average booking expenditures increased by 54% last year,
compared with 2019, according to company data. But average nightly rates haven’t
gone up nearly that much — around 10% in the U.S. — for bookings this year
compared with before the pandemic, said the company’s co-founder and CEO Patrick
Andrae.

“Pent-up demand for travel led to travelers taking longer vacations, many opting
to do so in a spacious vacation rental versus a hotel,” he said.

U.S. travelers are also seeking quieter, more luxurious destinations this summer
— Maui over Honolulu, Nantucket over Cape Cod — despite the higher costs,
according to HomeToGo’s data.

Zoom In IconArrows pointing outwards



Travelers may be willing to pay more to go to certain places, rather than to
make the trip itself more luxurious. Twice as many U.S. respondents indicated
they were willing to spend more to see “bucket list” destinations (32%) rather
than book luxury experiences (15%) or room or flight upgrades (16%), according
to Expedia.

The willingness and ability to spend more are likely a good thing, since travel
costs have increased in some places. The U.S. Travel Association’s December
Travel Price Index, which measures travel costs in the United States, shows that
prices have increased for food (+10%), hotels (+13.3%) and motor fuel (+26.6%),
compared with 2019.

Airfare, however, was lower than 2019 levels (-17%), according to the index —
but that may soon change, partly because of rising jet fuel costs.


FAMILY REUNIONS AND ‘FRIENDCATIONS’

People are celebrating missed milestones, often with extended family, said
Papaioannou. Abercrombie & Kent’s data shows a 26% increase in future bookings
of five or more guests as compared with 2019, she said.

Family reunion-style vacations will be popular this year, agreed Mark Hoenig,
co-founder of the digital travel company VIP Traveler.

People are expected to travel more with friends and family this year.
Hinterhaus Productions | DigitalVision | Getty Images

“People are still catching up for lost time with family,” he said. “Destinations
that provide for large multi-generation families, such as those with a high
inventory of large villas — including the Caribbean, Mexico and Maldives — are
seeing an uptick in bookings.”

The U.K. saw an explosion of bookings by large groups once restrictions eased,
according to Amadeus. Bookings to party spots, such as Las Vegas; Cancun,
Mexico; and the Spanish island of Ibiza, led the company to name “friendcations”
a top travel trend for 2022.


RENEWED DEMAND FOR TRAVEL AGENTS

Big trips often require big plans, which is resulting in a renewed demand for
travel agents, said Elizabeth Gordon, co-founder of the tour and safari operator
Extraordinary Journeys.

Professional planners can help travelers navigate “Covid-19 tests, restrictions,
changes in entry requirements, visas, flights, accommodation, activities and
backup plans,” she said.

Even “DIY travelers,” who normally plan their own trips, are nowadays seeking
professional help to make sure their upcoming travels are seamless, said VIP
Traveler’s Hoenig.

Clarification: This story was updated to clarify that HomeToGo’s average nightly
rental rates increased by 10% in the U.S. market only.


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