Demand for travel is still booming despite worries over the global economy and cost of living, providing a boost for airlines and hotels ahead of an uncertain winter.
Hotel bookings for the fourth quarter have outpaced 2019 levels this year, according to figures compiled by travel company Amadeus, which aggregates data from 35,000 global hotel properties.
Henrik Kjellberg, chief executive of European holiday rentals company Awaze, said bookings were “holding up well over winter both in terms of volume and price”, adding that, “even in the event of a recession, I expect the travel industry will still perform well”.
Airline bookings data also show that recovery in travel has not slowed since a summer season that was so busy…