Slovak travel faces another wave of challenges after two years of suffering during the COVID-19 pandemic. All categories began 2022 in an upbeat mode with good prospects for a relatively rapid rebound thanks to high vaccination rates and the removal of pandemic-related restrictions.
The lifting of travel restrictions and quarantine requirements following an involuntary two-year pause in travel is driving demand for air travel in 2022. Low cost airlines has the advantage of competitive pricing against a background of inflation and rising fuel costs.
Lodging in Slovakia is posting mixed performances in 2022. Outlets in Bratislava mostly focused on tourist groups from overseas markets and business travellers are still suffering the effects of the pandemic.
Travel intermediaries prepared for 2022 with high capacity for sales of summer holidays, and have tended to focus on packages offering sun, sea and relaxation. Pent-up demand for beach holidays is high.
Travel during the early part of the forecast period will be impacted not by travel restrictions but by macroeconomic factors such as decreasing disposable incomes caused by inflation and rising fuel and food prices, making overseas and even domestic travel less affordable. Consumers are thus expected to downgrade and opt for cheaper destinations and accommodation options.
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Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.See All of Our Definitions
This report originates from Passport, our Travel research and analysis database.
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