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07/15/2022

Updates 07/14/2022: Ohio's Travel Industry and Current Travel Research

 

RISING FUEL PRICES CONTINUE TO IMPACT TRAVELERS DECISIONS; TRAVELERS GIVE FEEDBACK OF EXPECTATIONS OF SERVICES

Key findings from Longwoods International, fielded July 6:

  • Travelers with travel plans went up 3% from 89% as of May 11 to 92% as of July 6.
  • When asked what factors were impacting travelers’ decisions to travel in the next six months:
    • 19% said COVID -19
    • 31% said concerns regarding personal financial situation
    • 34% said transportation costs
  • 43% said the rising gas prices are greatly impacting their decision to travel in the next six months.
    • 44% said they are reducing the number of trips they take
    • 44% said they are choosing destinations closer to home
    • 38% said they are reducing the amount they spend on retail
    • 36% said they are reducing the amount they spend on food and beverage
  • Though the ongoing workforce shortage, when asked what type of service travelers expect to receive from hospitality businesses
    • 52% said the same level of service as before the pandemic
    • 28% said a higher level of service than before the pandemic
    • 20% said a lower level of service than before the pandemic
  • American travelers begin to shift away from remote work:
    • 60% say they do not plan to work remotely, away from home, in the next 12-24 months
    • 16% said they are undecided

Additional Market and Industry Updates 

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