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Revenge Travel Isn't So Exciting Anymore
Despite a sizzling summer of jet-setting, signs of a slowdown are emerging.
Peak heat.
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It’s been a sizzling summer of travel, but this will likely be the peak of the post-pandemic boom. As longer nights start to draw in, the urge to splurge on pricey trips is bound to fade.
As it returned to profitability for the first time since the pandemic, TUI AG said bookings for this summer were up 6% from 2022. Yet although customers continue to spend more on their vacations, this is a slowdown from the 13% increase reported at the second quarter.