Is there a trend in staycation in 2023?

Staycations and local tourism will continue to rise In 2023, we expect to see more hotels and resorts offering staycation packages and promoting local tourism. This trend is not only beneficial for hotels, but it also supports local economies and encourages guests to explore their backyards.



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An international study by tourism and hospitality experts in the U.S. and China has determined the “staycation phenomenon,” which reached prominence during the COVID-19 pandemic, is still going strong and is most likely here to stay as part of a new industry normal.

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49% of Americans Plan To Travel More in 2023
This is especially true among younger respondents, with 59% of those between the ages of 18 to 26 planning to travel more in 2023. This is impressive considering 45% of respondents traveled once or twice in 2022, with 42% traveling three or more times in 2022.

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In 2023, I expect that to reverse and year-over-year fares to fall. With China—the last major country with covid travel restrictions—poised to reopen on January 8, I'm anticipating a huge uptick in transpacific flights (which are currently down 50% compared to 2019). More competition = cheaper fares.

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70% of Gen Z and millennial respondents agree that they have been inspired to visit a destination after seeing it featured in a TV show, news source, or movie. And 61%of Gen Z and millennials agree that a top motivation for traveling in 2023 is to visit a destination because it looks great in photos and videos.

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Travelers are increasingly looking to prioritize their physical and mental wellbeing while on vacation. In 2023, we are seeing a rise in wellness travel, which includes activities such as yoga retreats, spa treatments, and wellness-focused culinary experiences.

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CBRE's revised forecast projects 2023 RevPAR will be up 4.6 percent year over year to $96.64, which is down $1.25 from its previous forecast, issued in May. CBRE's softened RevPAR projections are partially attributed to decreased occupancy expectations and a decline in demand, according to the company.

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As per the latest findings of Future Market Insights, global staycation market revenue is expected to be US$ 363.6 Million by the end of 2023. In the long-term, the staycation market is estimated to reach at around US$ 758.1 Million in 2033.

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How to Maximize Your Vacation Days
  1. The Presidents' Day Weekend: Book 1 Day Off for a 4-Day Vacation.
  2. The Easter Escape: Book 4 Days Off for a 9-Day Vacation.
  3. The Memorial Day Getaway: Book 4 Days Off for a 9-Days Vacation.
  4. The Big Summer Trip: Book 9 Days Off for a 16-Day Vacation.


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Revenue in the Travel & Tourism market is projected to reach US$854.70bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.42%, resulting in a projected market volume of US$1,016.00bn by 2027.

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Hotel rates in the U.S. rose 1.8% in May 2023 from the previous month, according to the U.S. Bureau of Labor Statistics. Rates this May were also 3% higher from the same month last year. Travelers have seen hotel rates surge in part because the cost of operating hotels has risen.

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Beginning May 3, 2023, your driver's license will need to be REAL ID-compliant if you want to use it to fly within the U.S. It's part of a law passed by Congress. If your license is not compliant, and you don't have another acceptable form of ID, you'll have trouble getting through airport security.

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As a result, summer 2023 is the most expensive time on record to travel to Europe, Hopper said. The average ticket costs about $1,200, eclipsing the previous high in 2018 by $50 a ticket. In Asia, the No. 2 most-popular destination for Americans, average prices are 64% higher than pre-pandemic levels, Berg said.

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Now, the day of the week you choose to travel does make a difference in the best time to buy flights. In 2023, the cheapest day of the week to fly is Wednesday. Flying on Wednesday will save you almost $100 versus Sunday – the most expensive day to fly.

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The research states, “The cost of travel may drop with the advancement of technology. With more companies switching to automation, it's not hard to imagine a future where travel is less expensive.”

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