‘Tis the Season: Chase Travel Reveals 2023 Holiday Travel Trends, Tips, and Predictions for 2024 Travel
30 Oktober 2023 - 2:00PM
Business Wire
Nature-based international adventures and beach
getaways driving holiday travel this season
Today, Chase Travel, a travel industry leader and business unit
of JPMorgan Chase & Co., is providing an early glimpse into the
top growing holiday destinations this year based off Chase Travel
proprietary booking data. FROSCH and Valerie Wilson Travel, part of
the Chase Travel Group, also tapped their expert Travel Advisors to
share their top holiday travel tips and 2024 travel
predictions.
Chase Travel data show travelers are booking 2023 holiday travel
slightly earlier than 2022 for both domestic and international
destinations1: on average, customers are booking travel 5 days
earlier for domestic trips and 8 days earlier for international
trips. While the holiday season is fast approaching, it’s never too
late for travelers to check out Chase Travel's exclusive thematic
collections for a curated selection of world-class hotels to get
inspired for their next trip.
Chase Travel’s 2023 Holiday Hot
Spots1: While cities
in China (Beijing, Guangzhou, Shanghai) and Japan (Kyoto, Osaka,
Tokyo) showed the strongest year-over-year holiday season growth
after being closed to travelers last year, Chase travelers also
drove high bookings to a number of unique, buzzing global cities
and island escapes.
The top growing holiday destinations by year-over-year (YoY)
growth based off proprietary Chase Travel booking data (excluding
those locations closed to travelers late 2022 and in 2023) are:
- International Adventures - Whether propelled by new
flight routes or by travelers’ growing interest in finding
destinations that offer nature-based adventures – like Patagonia –
the following destinations rose to the top of Chase Travel’s
growing holiday travel list:
- Christchurch, New Zealand (224% YoY growth)
- El Calafate, Argentina (132% YoY growth)
- Chiang Mai, Thailand (104% YoY growth)
- Vienna, Austria (72% YoY growth)
- Rio de Janeiro, Brazil (63% YoY growth)
- Beachfront Getaways - Travelers also continue to flock
to warm-weather destinations known for their beaches and vibrant
cultures:
- Noord, Aruba (105% YoY growth)
- Miami Beach, Florida (80% YoY growth)
- Roatan, Honduras (76% YoY growth)
- West Palm Beach, Florida (57% YoY growth)
- Playa del Carmen, Mexico (53% YoY growth)
Points Redeemed for 2023 Holiday
Travel: After a year of building up points, the gift of
travel is the perfect way to treat yourself (or a loved one!).
- High point redemption for fall and holiday travel by
state2: States with highest value of travel sales where
customers used one or more points for booking air/lodging/car
rental for fall or winter travel (Oct’23 – Jan’24):
- California: $199.1 million
- New York: $113.2 million
- Florida: $77.8 million
- Texas: $64.1 million
- Illinois: $49.8 million
- Cities with the largest point redemption growth3: U.S.
cities with highest year-over-year (YoY) growth in point redemption
for air travel:
- Houston: 30% YoY growth
- Jackson, Wyoming: 23% YoY growth
- Seattle: 15% YoY growth
- Boston: 15% YoY growth
- Washington D.C.: 15% YoY growth
- Popular holiday destinations where Chase customers used
points for booking travel1:
- Vail, Colorado
- Antigua, Antigua and Barbuda
- Palm Springs, California
- San Jose Cabo, Mexico
- Calgary, Canada
Holiday Travel Tips: This
holiday season, Travel Advisors from FROSCH and Valerie Wilson
Travel, part of the Chase Travel Group, are helping travelers make
the most of their travels with helpful, seasonal tips:
- Avoid busiest airport days1: Looking at flights
booked for travel in December 2023 and January 2024, the busiest
airport dates in Chase Travel air booking data are 12/23, 12/22 and
12/30.
- Earn points for holiday travel: Eligible Chase
cardmembers can earn 5k bonus points for booking a flight and hotel
through Chase Travel. Cardmembers can check eligibility and enroll
at chase.com/mybonus/travel. Activate, book, and stay by 1/31/24 to
get rewarded.
- Get ahead and give the gift of travel: With Travel
Advisors already booking 2024 travel plans, it is never too early
to start booking 2024 travels and surprise a loved one with a
trip.
- Make the most of your rewards: Chase cardmembers can
earn and redeem points when booking hotels, flights, cruises and
more through chasetravel.com.
- Find flexible payment plans: Between tickets, hotels and
flights, travel costs can add up quickly. My Chase Plan allows for
cardmembers to split up large purchases into smaller payments with
no interest, just a fixed monthly fee.
Chase Travel 2024
Predictions: Looking ahead, FROSCH and Valerie Wilson
Travel Advisors anticipate the following trends to shape 2024
travel:
- Summer splurges: Travel Advisors are already booking
2024 summer travel plans, which points to an expected busy summer
travel season.
- Priority around luxury escapes: As secluded,
lesser-known retreats are becoming a priority for luxury travelers,
Travel Advisors are seeing an increased interest in amenities like
private villas from premium travelers and expect this trend to
grow.
- Experience travel: Whether it’s the total solar eclipse
coming to Mexico, the U.S. and Canada or the Summer Olympics in
Paris, travelers are seeking out unique experiences to help inspire
their 2024 trips.
- Multi-gen family travel: Travel Advisors are seeing
family travel of all shapes and forms continuing to grow – whether
it is an increase in multi-generational cruise travel or parents
and adult children traveling together, family travel time is
expected to continue to become a focus for 2024.
- Niche cruise tours: From exploring remote destinations
like Antarctica through expedition cruises to navigating small
ports with unforgettable river cruises, travelers are pursuing
journeys at sea as they look toward the new year.
- Nimble travel plans: As the travel landscape fluctuates
due to surrounding global circumstances, travelers are leaning more
on their Travel Advisors to help them navigate future travels and
learn how to stay nimble in ever-evolving situations.
Methodology 1Holiday season data based on Chase Travel
bookings for air/lodging between 11/17/2023-1/7/2024 2These figures
are based on Chase Travel bookings for air/lodging/car rental
between 10/1/2023 and 1/7/2024 3These figures are based on Chase
Travel bookings for air data comparing Summer 2022 and 2023
ABOUT CHASE
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading financial services
firm based in the United States with assets of $3.9 trillion and
operations worldwide. Chase serves nearly 80 million consumers and
nearly 6 million small businesses, with a broad range of financial
services, including personal banking, credit cards, mortgages, auto
financing, investment advice, small business loans and payment
processing. Customers can choose how and where they want to bank:
More than 4,700 branches in 48 states and the District of Columbia,
more than 15,000 ATMs, mobile, online and by phone. For more
information, go to chase.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231023894276/en/
Media Contact: Isabella
Persico 847-414-7877 Isabella.persico@chase.com
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