TUI’s chief has denied the credit crunch is hitting tourism although he does admit it will strip out some capacity next year. But I see Royal Caribbean Cruises is upping its fuel supplement to £4.00 a day. Not sure what it was before, but it is worrying evidence of the inflation that’s plaguing the world economy. With news that an average family’s food bill has gone up by £800 isn’t it inevitable that the travel industry will be hit sooner rather than later – or am I being a pessimist?
It is bound to have an impact. Holiday spend is one of the first to go for families. be interesting to see what type of holiday will be affected. And as ever with travel, someone will benefit out of the downturn. A hort summer in the UK will see an uplift for domestic holidaying.