We’ve all heard that 'travel is back' and people are taking trips differently than before, but what does that mean?.

Our team of experts follows all the changes in the airline, hotel and cruise industries — plus the credit cards and loyalty programs tied to each — and compiled this first-of-its-kind report showing the evolution of travel today.

From pent-up demand to the new normal

Vacations are longer, and the line between business and leisure has blurred. However, 2023 started with the retraction of many “work from anywhere” policies.

Fears over a recession are looming but don’t seem to be hindering trips ... yet. While Americans might have finally gotten the pent-up urge to travel out of their systems, they continue to invest heavily in travel experiences.

Growth in both luxury and budget-minded experiences

The commitment to luxury remains strong, with hotels building more high-end properties and cruise lines launching expensive expedition ships to sail to Antarctica and the Arctic.

View the full 2023 TPG Travel Trends Report here.