While booking my solo trip, I often come across quite a few financial disadvantages just because I travel solo. I’ll show you some examples I found on my way and most importantly, why it will stop soon. I’ll list some updated post-pandemic statistics related to solo travelling. Ready? Let’s dive into it…
When is solo travel expensive right now?
- Experiences. I often book tours and experiences through Airbnb Experiences and come across extra fees for single travellers. Here below an example. I was looking for a snorkelling experience in Bali and from what I can read, it will cost me 300k IDR more (about £17).
2. Accommodation. This is an example of a pricing table for 3 nights in a National Park in Thailand including a few activities. As you can see the single supplement is costly. We are talking about 18,900.00 THB which is over £448. The supplement was so high that it refrained me from going down this path and looking for more convenient alternatives.
This is why it will stop
The trend of travelling solo has massively increased post-pandemic. Look at the data below from Google Trends. In July 2022, “solo travel” online search has quadrupled compared to April 2020.
According to a study conducted by Booking.com between 2020 and 2021, there has been a 64% increase in travellers going Solo:
Let’s see what the future will look like in the next 5 years. According to this study, Leisure Traveling will be increasing from $1,006.5 billion (actual data in 2019) to $1,737.3 billion by 2027. This segment has been segmented into group and solo travellers. According to the study, group holidays will still prevail. However, the solo segment will reach the highest CAGR (compound annual growth rate) growth in the forecast period.
What is CAGR? The compound annual growth rate is a forecast of the return on investment if the growth is the same every year and the profit would have been reinvested by the end of each year. (Source)
What is motivating people to travel Solo?
Let’s look at statistics again. I just mentioned above how the increase has happened exactly in the Post-Pandemic period. Covid restrictions have clearly brought us more self-reflection and a desire to explore the world solo (especially if we’ve been forced to live with other people for months). Let’s see exactly why we want to travel solo according to this study:
- A desire for “me time”: We want to take a break from our everyday life and families by spending time in nature and socialising with someone new or like-minded.
- Regaining control and freedom: The study highlights how the feelings of control and freedom have been impacted during Covid 19. So having control over the schedule and being free to do whatever we want is one of the main reasons for travelling solo.
- Improve mental health: meditation, religious and wellness travelling have increased drastically after the stress gained during the pandemic
- We don’t want to wait for others: We are less keen on waiting for other people’s interests and schedules to be aligned with ours.
As a result of the Solo Traveller sector increasing exponentially within the Leisure Traveling industry, travel companies will need to adapt and improve their offering for single-person trips and experiences. I can’t wait for this to happen! In the meantime, check out this blog post to find out how can you save money on flights and accommodation.
Ciao for now,