27/08/2022
After a period of starts and stops earlier in the pandemic, travel is firmly back on the upswing — so much so that soaring demand continues to create an ugly collision with supply and labor shortages. Despite months of airport chaos, hospitality marketers are taking advantage of the rebound with some of their most ambitious campaigns since pre-COVID days, representing a bid by legacy brands to recapture mojo that was lost amid the emergence of home-sharing sites like Airbnb.
A surge in momentum for travel and hospitality has been forceful enough to offset advertising pullbacks elsewhere. Travel marketers expect to spend 27% more on media in the year’s second half than initially anticipated, according to a recent survey by the Interactive Advertising Bureau, indicating the boom is primed to last past the typically busy summer period. The rosy outlook contrasts with categories like automotive and health and wellness that have lowered their forecasts.