In 2023, the number of leisure outbound trips is projected to exceed the 2019 pre-Coronavirus (COVID-19) level. Fuelled by still high pent-up demand, there have been high numbers of bookings for May and summer holidays, with land, rail and air travel prominent.
Price increases driven by increased flight taxes and EU emissions certificates are impacting the performance of airlines in 2023. The Dutch government increased the flight tax on outbound flights starting from 1 January 2023.
Hotels in Amsterdam are experiencing continued growth, driven by high demand and the ongoing recovery of inbound arrivals, which increases the need for more rooms and outlets. In 2023, there is expected to be a further increase in the number of hotels, with the construction of new outlets.
Early bookings for May 2023 holidays returned to 2019 pre-pandemic levels, with around one third of travellers booking in advance, often a month earlier compared with 2022. While sun & sea dominates value sales of leisure packages, there is more interest in adventure, wellness, eco-tourism and culture & heritage packages.
Travel is expected to continue to be impacted by relatively high inflation in 2023 and 2024, although the rate of inflation is on a downward trajectory following the double-digit 2022 peak. As such, the growth in the number of trips is likely to slow, compared with the late review period.
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This report originates from Passport, our Travel research and analysis database.
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