Global Tourism Slows: Europe Takes Most Pronounced Dip

Skift Take

Global travel softened due to the seasonality of demand. In October 2023, the Skift Travel Health Index dipped to 103. Europe was impacted the most due to reduced pent-up demand and economic concerns. Despite China’s Golden Week holiday, the travel recovery in the country remained sluggish.

The Skift Travel Health Index: October 2023 Highlights report shows a slowing trend in global travel momentum as the index dipped 2 percentage points and stands at 103.

Global STHI

Softening Travel in Europe

Mirroring last year’s trends, all regions declined in October 2023, with Europe declining the most, by 5 percentage points.

Region 22-Sep 22-Oct Sept-Oct 2022 23-Sep 23-Oct Sept-Oct 2023
Asia Pacific 72 70 -2 104 102 -2
Europe 92 89 -3 102 97 -5
Latin America 106 100 -6 110 108 -2
Middle East and Africa 97 96 -1 106 104 -2
North America 104 102 -2 110 107 -3

The slowed travel momentum has been primarily linked to rising inflation, which has eroded consumer savings in the past year, prompting them to revisit their spending priorities. Additionally, seasonality as well as the impact of large-scale conflicts may be contributing to the setback observed in European tourism.

Read our latest October 2023 Highlights for more insights on pricing trends and travel intent in Europe. Refer to the Skift Travel Health Index data dashboard for further analysis.

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