As the summer travel season continues, major companies like hotel chain Marriott International (MAR) and Norwegian Cruise Line (NCLH) are presenting a mixed picture of consumer travel trends. Travel expert Jen Ruiz joins Wealth! to discuss her outlook on the travel industry.

Ruiz believes that individuals are increasingly opting for cruises over other forms of travel due to their convenience. She notes that with cruises, consumers only have to “show up” — everything is included, multiple destinations are visited, and there’s a pre-set itinerary.

With consumers still feeling the pressure of inflation, Ruiz observes that people are traveling more strategically. “We have seen people cut back on their spending, so maybe they aren’t necessarily traveling overseas. Maybe they’re trying to do domestic destinations instead. Maybe they are looking to cruises as an all-inclusive option to curtail extra costs,” the 12 Trips in 12 Months author explains.

As the 2024 Paris Summer Olympics kick into high gear, Ruiz explains which French destinations travelers can head to to avoid sports tourism crowds.

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This post was written by Angel Smith