The geopolitical situation combined with financial arbitrations encourages the French to wait before booking their summer vacations. According to the figures transmitted by EDV, travel companies, travel reserves in the package “registered in June autumn with -16% of travelers compared to last year.” In detail, “France resists better (-9%), but all of the totality and long distance marks a clear withdrawal around -20%.”
“This decrease can be partially attributed to the conflict between Israel and Iran, which has generated client concern about certain geographical areas and leads to a postponement of reserve decisions, regardless of destination. The average reserve time (61 days) continues to increase, a marked and viewing sign,” says the group.
France as a refuge destination?
“All advanced progress since the beginning of the year has been absorbed, with a market accumulated in -2% by business volume at the end of the semester,” says Edv.
“In this waiting context and for travelers, the question remains if France can completely play its refuge role for the summer season,” we can read at the Observatory. According to the new edition of Cofidis Summer Holiday Study, 63% of the French intend to leave 55% in 2024 and spend an average of 2,035 euros or 185 euros more in a year.
Source: BFM TV
