A wake-up call was sounded for tourism: holiday prices began to skyrocket

Tourism is on the alert: holiday prices are skyrocketing

Growth in demand for tourism due to the rapid lifting of pandemic measures by most countries, multiplied by shortages staff, formed during the years of the pandemic, as well as the global increase in energy prices, leads to the fact that hotels around the world are rapidly becoming more expensive. Such statistics were given in the UK Buy Now Pay Later (BNPL) study. According to him, the cost of hotel rooms has increased by 184% from October 2020 to October 2021 and continues to grow.

“Many hotels are still not operating at full capacity, and many of them are operating at 60% to 70% occupancy. This leads to a shortage of rooms and higher prices,” explains Lim Hui Ting, co-founder of the ultra-luxury travel agency UniqLuxe, for example. Another reason is the reduction in the number of staff during the pandemic. According to the US Bureau of Labor Statistics, the entertainment and hospitality industry has had high layoff rates all along.

However, tourists do not refuse to rest. “They have been postponing travel for the past two years and are ready to indulge and easily accept new hotel deals,” says Mr. Lim. However, there is a risk that customers will be disappointed – they are afraid in luxury hotels. “The level of service may fall due to the large number of guests and the lack of staff to serve them. If they are not satisfied they will not book again. Hotels will be forced to cut prices in the long term,” an anonymous hotel employee assured.

For those who care about a healthy lifestyle, we recommend reading: “Scientists have determined the exact amount of vitamin C to maintain immunity.”


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