Europeans Are Starting to Cut Back on Holiday Spending, Trivago Says
- Europeans are seeking out lower-priced hotels, shorter breaks
- Bookings still solid, suggesting vacations remain a priority
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Europeans are beginning to cut back on travel budgets as rising household costs take their toll on disposable incomes, according to online room-reservations specialist Trivago NV.
Data for the November-January period indicates an increased propensity for people to favor cheaper hotels and shorter trips, with more clicks for lower-priced options than at the equivalent time in 2019, Chief Financial Officer Matthias Tillmann said in an interview.