European vacationers: getting by with a little help from friends

While economic recovery inches forward in the U.S., progress has taken a detour in the Eurozone – prompting some Europeans to make compromises when planning their leisure travel. According to an upcoming PhoCusWright report, Destination Unknown: How U.S. and European Travelers Decide Where to Go 2012, although a larger share of U.S. travelers visited a destination of their choosing in 2012, discretionary travel declined among European travelers.

"Though Europe continues to rank higher than the U.S. on many key travel metrics, year over year trending reveals that U.S. travelers are feeling relatively more confident than their European counterparts," said Carroll Rheem, PhoCusWright's senior director, research. "As many Europeans put their dream trips on the back burner, spare bedrooms and couches are hosting more visitors in 2012."

The share of U.S. travelers who visited an independently selected vacation destination in 2012 increased by 2% to 60%, while incidence fell by 2-3% in France, Germany and the U.K. European travelers were more likely to lean on friends and relatives to help fit a vacation into their budget compared to the previous year. The share of travelers in all three European markets who traveled to a destination to visit friends/family increased by 2%, consistent with lower consumption of paid lodging.