Travel Trends In 2023

by | May 15, 2023 | Unordered Posts

Summer is approaching, and with it, the opportunity for workers to take time off using their PTO. However, according to travel fare aggregation platform Expedia’s annual study, most travelers still feel vacation-deprived, despite the rise of remote work. Expedia surveyed over 14,500 people globally and found that vacation deprivation overall is at a 10-year high, with financial challenges and busy schedules cited as impediments to taking adequate time off. US respondents reported feeling particularly vacation-deprived, with 63% of them saying they feel that way.

Although some employees mix business and leisure travel, this is not enough to make up for the lack of true vacations, which research has shown to be beneficial to employees. HR Brew reported that companies are starting to plan “workations” where employees can work in more exciting locales while also experiencing other cultures and collaborating with colleagues they might not see regularly.

While workers with “unlimited” time off used to take less vacation under more lenient policies, HR software company Namely’s study found that this is changing. Workers with unlimited PTO now take slightly more time off than those on traditional plans. Therefore, companies may want to consider reviewing their PTO policies to give employees the time off they need to recharge. In fact, nearly three-quarters (72%) of Americans said they would like their company to improve their time-off policies, according to Expedia.

Previous Articles

Blockchain Sectors and Stocks to Consider In 2021

Blockchain Sectors and Stocks to Consider In 2021

There is a lot of hype surrounding cryptocurrencies like the old-timer Bitcoin, well as NFTs (non-fungible tokens). Now that you’re reading this, chances are you’ve already heard about this ‘blockchain’ hype. After all, blockchain technology powers cryptocurrencies...

read more
What Do I Do With All of This Money

What Do I Do With All of This Money

Just because it’s a nice problem, doesn’t mean it’s not still a problem. Here’s a scenario for you: You pick up what appears to be a lottery ticket. You check the numbers for a laugh and discover a winning combination, offering you millions of dollars in prize money....

read more
6 Steps to Planning Your Happy Retirement

6 Steps to Planning Your Happy Retirement

Retirement can seem distant and abstract, especially if you haven’t critically thought about it. But it is by adopting the right strategy early enough that we can ensure the comfort of our aging days. It is not that difficult to prepare well for retirement, as long as...

read more
4 Tips for a Low-Maintenance Vegetable Garden

4 Tips for a Low-Maintenance Vegetable Garden

For many people, owning a vegetable garden is synonymous with effort and back pain, watering constraints, digging or weeding chores, tedious fight against pests and diseases, etc. However, by following a few tips, you can cultivate a vegetable garden with minimal...

read more

Get Your Ultimate Retirement Guide