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PEOPLE PLAN TO TRAVEL LESS IN THE FUTURE, SURVEY SUGGESTS

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Copia-di-Copia-di-Copia-di-Copia-di-PACEVILLE-3One in two people expect to take fewer flights in the future, according to a survey into how coronavirus will impact consumer behaviour.

Consultancy firm EY said there was a “significantly negative outlook towards the future demand for travel” among 1,050 people surveyed last month.

Slightly over half of respondents – 52 per cent – said they expect to take fewer flights while 49 per cent are less likely to holiday abroad. Under a third plan to switch to domestic tourism – a move that “may create certain opportunities for hospitality sectors”. 

Local public transport also needs to win back passengers’ confidence as one-third indicated needing months – and years – to feel comfortable, and 17 per cent saying they may never feel comfortable again.

Potential threats to demand emerge as a significant number of respondents (67 per cent) indicate increased caution towards spending, and 45 per cent are postponing major purchases.

Most respondents perceive a protracted period until things return to normal, including the return to personal financial stability, with 45 expecting challenges to last several months. 

ARTICLE WRITTEN BY TIMES OF MALTA

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