According to Barclays' latest monthly consumer spend report, spending on travel dipped by 5.8% year-on-year in May, while transactions fell by 1.2%. Spending with travel agents, specifically, fared ever-so-slightly better, falling by 5.3% year-on-year in May, with agents actually seeing an uptick in transactions (+3.5%) compared with last year.
Airlines saw a sharper drop; spending with airlines in May fell by 12.9% year-on-year and transactions by 7.7%. By contrast, the hotels, resorts and accommodation sector bucked the downward trend, recording a 2.7% year-on-year increase in spending in May.
