Comments on: Recession will be good for travel! What??? http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/ Just another WordPress weblog Thu, 18 Feb 2010 17:04:01 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Rob Schmults http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/comment-page-1/#comment-217 Rob Schmults Fri, 31 Oct 2008 18:35:54 +0000 http://www.goseetell.com/blog/?p=59#comment-217 Definitely think it is an ostrich move to assume travel is good to go because people value experiences more than possessions, etc. While I do agree with the premise, I disagree with its application as a way around the current economic environment. A good chunk of travel spend is driven by people saving up for (or hitting their credit cards for) their big trip. Large portions of those consumers are in a wait and see mode right now – and if (when) the pink slips start flying, they will hunker down and take a more modest vacation. They will still seek experiences and probably need a vacation more than usual, but it will be one that involves fewer/no flights (and certainly cruises!), go down market on hotels, dining -- or skips in entirely by visting relatives, etc. As with most recessions, the value end and the extreme high end (the part not driven by aspirational consumers) will fare best. Everyone else likely to be facing some meaningful bumps in the road. Definitely think it is an ostrich move to assume travel is good to go because people value experiences more than possessions, etc. While I do agree with the premise, I disagree with its application as a way around the current economic environment. A good chunk of travel spend is driven by people saving up for (or hitting their credit cards for) their big trip. Large portions of those consumers are in a wait and see mode right now – and if (when) the pink slips start flying, they will hunker down and take a more modest vacation. They will still seek experiences and probably need a vacation more than usual, but it will be one that involves fewer/no flights (and certainly cruises!), go down market on hotels, dining — or skips in entirely by visting relatives, etc. As with most recessions, the value end and the extreme high end (the part not driven by aspirational consumers) will fare best. Everyone else likely to be facing some meaningful bumps in the road.

]]> By: Madeira http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/comment-page-1/#comment-216 Madeira Fri, 31 Oct 2008 15:12:52 +0000 http://www.goseetell.com/blog/?p=59#comment-216 i think as you get older you value experiences more than the material - with an aging population, maybe this will benefit tourism. i think as you get older you value experiences more than the material – with an aging population, maybe this will benefit tourism.

]]> By: Clint http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/comment-page-1/#comment-210 Clint Wed, 29 Oct 2008 01:32:24 +0000 http://www.goseetell.com/blog/?p=59#comment-210 There are tons of examples of people who have decided to sell their house and just travel across the country or across the world. So if that trend continues, travel will pick up. I think it's true that people are interested in experiences and especially being able to provide those types of travel experiences with their kids as a family. In that case, maybe people will finally get rid of their Playstation game consoles and oversized TVs and use that money to experience life outside. There are tons of examples of people who have decided to sell their house and just travel across the country or across the world. So if that trend continues, travel will pick up. I think it’s true that people are interested in experiences and especially being able to provide those types of travel experiences with their kids as a family.

In that case, maybe people will finally get rid of their Playstation game consoles and oversized TVs and use that money to experience life outside.

]]> By: Shelli Johnson http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/comment-page-1/#comment-208 Shelli Johnson Tue, 28 Oct 2008 18:03:40 +0000 http://www.goseetell.com/blog/?p=59#comment-208 Is the glass half empty or half full? That is the question. Or: “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” (William Arthur Ward) Is the glass half empty or half full? That is the question. Or: “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” (William Arthur Ward)

]]> By: kristen Lindsey http://www.goseetell.com/blog/2008/10/recession-will-be-good-for-travel-what/comment-page-1/#comment-207 kristen Lindsey Tue, 28 Oct 2008 16:38:23 +0000 http://www.goseetell.com/blog/?p=59#comment-207 Such an interesting question. One thing I am wondering from here at the TIA Marketing Outlook Forum - how will business travel impact travel orgs versus leisure travel? What sectors can take advantage of a consumer "escapist" attitude and which sectors are in trouble? Great post - very thought provoking. Such an interesting question. One thing I am wondering from here at the TIA Marketing Outlook Forum – how will business travel impact travel orgs versus leisure travel? What sectors can take advantage of a consumer “escapist” attitude and which sectors are in trouble? Great post – very thought provoking.

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