FTSE 350 Travel & Leisure Index FTNMX405010

The Skyscanner data we previously presented evidences an increase in bookings for extended stays with Thailand having been identified as one of the popular destinations. This is significant, given that, historically, traditional vacations of less than 14 days dominated travel bookings. The vacation rental company reported that extended-stay bookings have nearly doubled from 14% of all nights booked in 2019 to 25% in the summer of 2021. Finally, workations, work-from-anywhere trips, digital nomadism, and other forms of bleisure have been cited as reasons for the changing face of travel. With all this in mind, the predictions suggesting that business travel will never recover are increasingly realistic in scope.

• Overall, leisure tourism spending made up 78.6 percent of total global travel spending in 2019.
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