During a presentation for travel industry business partners at DATE 2022, Freddy Dominguez, Vice President for Latin America and the Caribbean at Expedia Group, revealed that search demand for the region has increased across the board and shows a rebound in the market for the second quarter of the year.
During the first three months of 2022, the searches for travel to the Dominican Republic grew 40% compared to the previous year, for stays in the summer, with almost all the demand coming from international travelers, according to data from Expedia Group. Meanwhile, the year-on-year comparison of Caribbean searches shows a rebound in the second quarter with +150% growth in Punta Cana (+150%), followed by Cancun with +45%.
The United States continues to be the main market (80%) seeking to travel to the Caribbean nation. At the same time, there is an increasing demand from other countries, especially a notable growth from Canada, due to the reduction in travel restrictions. The majority of these travelers (90%) are looking for 4-5 star accommodation, the same trend that was observed in 2021. In general, the average stay remains at seven nights.
During the presentation, Dominguez pointed out that, today, people value travel and personal time more than ever, while flexible travel is considered the highest priority. Expedia Group’s Traveler Value Index study, conducted in November 2021 among 5,500 adults in eight countries, also showed that travelers are focused on "wellness trips".
Among the key data of the investigation, it stands out that:
· The majority of people (81%) will travel frequently in the next six months. Short trips gain popularity (78%).
· 56% of those surveyed who usually work remotely will take a trip to bleisurethat is, they will prolong a work trip for leisure or vice versa.
· More than half (54%) of participants will spend more on travel than before the pandemic.
· 40% of travelers will use loyalty points accumulated during the pandemic to help finance such trips, so great deals and flexibility will continue to be top priorities.
"The impact on the industry that the pandemic has caused stops here. Expedia Group has emerged into this new world with new ways to address the most common challenges of our industry with data and technology that help our partners drive growth and efficiency", Dominguez said. "Meeting with travel partners in the Caribbean is key to driving our tourism recovery. We are delighted to provide ideas, inspiration and celebration at DATE and solidify our commitment to this important region."he added.
That said, the senior executive noted that travel companies must constantly adapt and renew themselves to remain competitive. In this new recovery environment, it is very important that partners differentiate themselves from the competition and earn the loyalty of travelers. Also, he recommended making sure travelers can get a refund or credit if plans change, as flexibility remains a top priority for travelers. Likewise, offering a variety of options and prices, introducing new offers for short trips and integrating loyalty programs is relevant.
By sharing data and market insights with your trading partners in this important Caribbean market, Expedia Group strengthens its support for the Dominican tourism sector through the use of data-driven technology to make your travel partners more effective, efficient and resilient.
The companies Expedia Group, Inc.,they offer trips to people from anywhere on the planet through the global platform.
