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Travel Executives Expect Breakout Year for International Demand – CoStar

May 24, 2023

Executives in the travel business anticipate that international travel is finally back in 2023, especially with China travelers emerging from lockdown to traverse the world once more.

Matt Goldberg, president and CEO of Tripadvisor, said on his company’s first-quarter earnings call that appetite for international travel is higher than it’s ever been.

“While travelers are just starting to kick off the peak planning period for summer holidays, summer travel intent is already significantly higher than last year at this time by advanced planners,” Goldberg said. “Our data also suggests that share of international travel intent is returning to pre-pandemic levels in the U.S. and [Europe, Middle East and Africa] and [Asia-Pacific] intent to travel is more than double than last summer. We’re also observing an increase in experiences searches year-over-year, particularly in Europe.”

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