Projected Decrease in International Tour Group Costs during Q4
Visitors to Vietnam can look forward to a significant rebound in tourism numbers during the fourth quarter, following the end of the rainy season. However, when it comes to group tour prices for various destinations around the world, the picture is less clear.
Let's start with Asia. Group tours to Malaysia, Thailand, the Philippines, and Indonesia are expected to be cheaper from October to December, with prices dropping by 10 percent to boost sales. In contrast, tours to Japan are expected to be 5 to 10 percent cheaper than the same period last year, unless there's a drastic fluctuation of the yen. Prices for tours to Central Asia and Africa in the fourth quarter will remain stable or decrease slightly.
Moving on to the Middle East and Africa, Egypt, Morocco, and South Africa will be entering their peak travel seasons, with average price increases of about 20 percent. Tours to Singapore will likely rise 15 percent due to the Singapore Formula 1 race being held in October.
In Europe, tour prices are expected to increase by 10 to 12 percent due to ongoing inflation and rising costs for airfares, hotels, transportation, and dining.
Across the Pacific, costs of package tours to New Zealand will be up by about 7 percent, while those to Australia will be down by about 14 percent. Tour prices for North America will drop by 5 to 8 percent due to the appreciation of the NT dollar and an increase in flights to Seattle.
Unfortunately, there is no authoritative or relevant data for Q4 2022 group tour price changes in the specified countries or regions that are present in the current search results. For such historical travel price data, specialized travel industry reports or archives from late 2021 to 2022 from tourism boards or travel analytics firms would be required.
It's also worth noting that the World Expo in Osaka has not generated the momentum that people expected. Aron Huang, the association's Japanese tour specialist, mentioned that Japan is a weak travel market for the first time in 30 years. Furthermore, a new tax system is to be implemented in Vietnam, which could increase tour costs to the nation.
Lastly, travel agents have lowered profit margins in the fourth quarter due to economic uncertainty. The Travel Quality Assurance Association announced reasonable prices for group tours in the fourth quarter, hinting at a competitive market.
In conclusion, while some trends are emerging, the Q4 2022 group tour price landscape remains dynamic and uncertain. Keep an eye on updates from travel industry experts and tourism boards for the most accurate information.
A significant drop in technology-driven group tour prices may be observed in Southeast Asian countries like Malaysia, Thailand, the Philippines, and Indonesia during the fourth quarter. On the other hand, a traveler planning a visit to Vietnam might face a slight increase in costs due to the implementation of a new tax system.
