A new report from luxury travel network Virtuoso indicates that international leisure travel is leading the industry to recover, but business travel continues to lag. A recent survey of Virtuoso members revealed the following travel patterns:
- 81 percent of Virtuoso travel retailers reported that their agency’s future bookings were up compared to this time last year
- 80 percent say sales are up over the last three months
- 5 percent say revenues are higher than this time last year
- 39 percent say international leisure business has been the most insulated against the economy
- 21 percent state that sales of 3 to 5 day vacations have remained strong relative to the economy
- 18 percent say sales of 10+ day vacation sales have been the most resilient against declines
- 13 percent reported that corporate travel has been the most insulated segment
