Consumer confidence is flagging, agents tell TTG, as the war in the Middle East enters a fifth week, which is leading to businesses missing their sales targets.
(Credit: iStock / coscaron)
The Advantage Travel Partnership said consumers were starting to think “more carefully” about discretionary spending with cost-of-living pressures rising on almost a daily basis. “The challenge is not necessarily a lack of desire to travel but greater caution around committing," said a spokesperson.
Deben Travel owner Lee Hunt confirmed “things are quieter”. “Business is down," he said. "We’re getting a lot of people saying they’re going to wait and see.”
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