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Spending momentum ‘still with travel in September’, says Barclays

Operators
Gary Noakes
10 October 2023

Travel’s rebound continued in September despite cost of living increases, with a double-digit growth in spending compared with the same period in 2022, new figures from Barclays reveal.

Barclays tracks consumer spending on a monthly basis

Spend on air tickets increased by nearly a third (31%) year-on-year in September, while the number of travel transactions rose by almost 29%, potentially indicating a healthy 2024 market as early bookers plan their holidays.

Travel agents saw a smaller year on year rise of 7.1%, but the value of each transaction increased 10.6%.

Hotels, resorts and accommodation purchases were also tracked by Barclays, with spend up by almost 8% and transactions increasing by nearly 4%.

Barclays said travel had been "one of the best-performing categories in 2023”, adding: “Much of this uplift is driven by demand for holidays abroad.”