Rural travel destinations fare better as consumer preferences shift

The COVID-19 shock has led to a structural shift in consumers’ choice of travel destinations, as travellers increasingly have moved away from urban centres towards rural locations. In the summer months of 2021, the share of visits to rural destinations increased considerably.Access this report to learn about:
- Greater levels of domestic travel have led to increased travel to rural areas. As governments introduced strict international travel restrictions to curb the pandemic, the impact of the collapse in levels of international arrivals fell more heavily on cities, which are more reliant on international visitors.
- Consumer preferences have shifted from urban centres towards rural locations. Consequently, domestic travellers constituted a larger share of total levels, and, with rural travel largely reliant on domestic visitors, rural destinations were more resilient against severe shocks to international arrivals
- Share of domestic visits to rural destinations increased from 51% to 59% between 2019 and 2021. As a result of these processes, we have seen the UK share of domestic visits to rural destinations increase by eight percentage points from 51% in 2019 to 59% in the summer of 2021.
Tags:
Related Services
Post
Czech Republic: Profligate fiscal loosening will push up bond yields
We think the Czech 10-year bond yield is on track to breach 5% in the coming months, as the markets continue to price in the fiscally profligate programme of the new government.
Find Out More
Post
This year’s US midterms add to an uncertain policy outlook
Midterm voters seem to form their opinion around the economy in the summer and fall. How the economy, and especially the labor market, performs over the next few months will increasingly influence the outcome on Election Day.
Find Out More