Why is demand for travel still so strong? | Summer travel series

War, inflation, recession, high fuel prices, high prices in general – and yet, Americans’ appetite for travel just seems to stay strong. On this episode, Bank of America Institute economist Anna Zhou and travel advisor Angela Hughes, the owner of Trips and Ships Luxury Travel in Winter Garden, Fla., join host Rebecca Tobin and news editor Johanna Jainchill. to discuss the big picture for travel demand vs. retail spending, the job market and whether high prices are finally starting to deter travelers. Are Covid-era terms like “pent-up demand” and “revenge travel” still relevant – is there a pent-up demand after the pent-up demand? And is demand for travel finally starting to moderate? This episode is part of our summer series featuring some of our most memorable recent episodes. This episode was published June 12 and has been edited for length and clarity. Episode sponsor: This episode is sponsored by Lindblad Expeditions National Geographic https://www.expeditions.com Bonus sponsored episode Join executive vice president of marketing and partnerships Mary Pat Sullivan for a bonus interview at the end of this episode with Ana Esteves, the vice president of hotel operations for sponsor Lindblad Expeditions National Geographic. https://www.expeditions.com Episode related links:  Is pent-up travel demand at an end? It depends https://www.travelweekly.com/Travel-News/Travel-Agent-Issues/Is-pent-up-demand-at-an-end There are cracks in the economy, but the hotel industry just keeps rolling https://www.travelweekly.com/Travel-News/Hotel-News/Top-hotel-executives-speak-at-NYU-hospitality-conference War + Inflation + airline meltdowns = record demand https://www.travelweekly.com/Arnie-Weissmann/War-inflation-airline-meltdowns-record-demand Bank of America's travel spending report, May 2023 https://business.bofa.com/en-us/content/bank-of-america-institute/economic-insights/travel-recovery-bumps-along-the-way.html Mastercard's Travel Industry Trends 2023 https://www.mastercardservices.com/en/reports-insights/economics-institute/travel-industry-trends-2023  See omnystudio.com/listener for privacy information.