Consumers book last-minute European vacations due to higher costs and global unrest

Higher holiday costs and global unrest are causing people to book last-minute vacations. Inflation, driven by energy prices and more expensive holidays, has made consumers more hesitant. This trend, noticeable since March, is leading many to book closer to their travel dates. Travel organizations report a shift towards European destinations and a decrease in bookings for North America and Asia, with some travelers opting for last-minute deals to manage budgets.