, Columnist
Travel Prices Are Soaring. Travelers Don't Care
Jetsetters are taking shorter trips and escaping to more affordable locations, such as Egypt and Morocco. Inflation isn’t stopping vacations yet.
Rio this year? Maybe next.
Photographer: Buda Mendes/Getty Images South AmericaThis article is for subscribers only.
Consumers on both sides of the Atlantic are lumbering under the weight of hefty price increases for essential items. Yet, they are still splashing out on fancy vacations.
Many Brits are skiing or visiting sunnier climes this week, as the traditional half-term school break gets under way. That’s great for the battered travel industry, less so for local stores and restaurants that compete for that same pound or dollar.