inflación (foto pixabay)

By Frank Martin

The recovery of world tourism still has a number of obstacles. One of them is the dreaded inflationary rate that hits the worldwide economies after the pandemic and people’s pockets.

“Prices are more and more high ” is a lament that is not only heard in everyday life. The problem also arises in a crude way when deciding on a good vacation trip.

The most sensible forecasts say that entertainment industry will suffer from inflation for a long time.

Experts advise that when selecting the next vacation, you first take into account that prices are visibly higher, and you have to think about how to mitigate them.

That’s only a first tip. Others stem from up-to-date knowledge of what you can face on days off, starting with the price of transportation.

It is not necessary to mention that gasoline has risen both as a consequence of the pandemic and also of the war in Ukraine and its derivations of all kinds.

There are other financial phenomena – peaceful, by the way – like getting an available “seat” on a plane.

A phenomenon indicated by the warnings is that seats availability is low, which is explained as a sign of the times.

Once the reservation is achieved, we will know that the cost of this has risen.

If the savings have been a success during confinement, it will be an advantage when booking the trip. If it was not possible, then the inflationary problem will have more weight.

It will be a good time to learn that saving, if achieved, is usually the best ally against rising inflation.

There are other mechanisms to take into account to overcome the increasingly high costs.

Economists who have studied the matter believe that some forecasts may be good and even decisive.

They advise that a nearby or affordable destination should be chosen for its good offers.

When vacations are planned, they should be as long as possible. Those who still work at home due to confinement, could perhaps, if circumstances allow, do their normal work from the vacation spot.

Another anti-inflationary response is to spend less. Another way to get an early advantage is to choose the destination well and select the one that best suits your pocket.

Good market information would not be bad.

Tour operators everywhere are increasingly talking about group travel cancellations due to high airfare prices. Others give up certain accommodations because the prices of these have risen too much.

For this reason, dedicating more time in the selection of the rest destination is currently a necessity of the personal economy.

But despite the current inflationary situation there are realities that lead to the necessary adjustments and with good luck to general solutions.

Inflation harms both the customer and the supplier of travel, accommodation and various services.

Paradoxes help: If customers may not show up because the price is too high, the supplier may earn less if he loses customers.

FM