Until now, the industry has ridden the crest of the post-pandemic wave, with the outlook as chancellor Jeremy Hunt made his announcements late last month remaining positive, albeit with some agents feeling it will take another year for the industry to fully recover from Covid.
The picture is so far, so good, with travel bucking spending trends in other sectors. In October, retail sales fell by 0.3% to their lowest level since February 2021, with the Office for National Statistics citing cost of living pressures and a stretch of poor weather for the setback.
