Americans Cut Summer Trips as Remaining Travelers Plan 17% Higher Spending
Updated
Updated · Business Insider · May 20
Americans Cut Summer Trips as Remaining Travelers Plan 17% Higher Spending
6 articles · Updated · Business Insider · May 20
45% of Americans plan a summer vacation with paid lodging this year, the lowest share in six years, Deloitte said after surveying 4,000 people.
About one-third of non-travelers cited affordability, saying vacations had become too expensive as travel costs rose.
Travelers who still plan to go expect to spend about $4,050 on their longest summer trip, up 17% from last year, and are increasingly paying for premium seats, upgraded tickets and better hotel locations.
34% expect to work during their main summer trip, up from 23% a year ago; millennials lead that trend at 57%.
32% of fliers plan an international trip, up from 27%, while 25% expect to use generative AI for planning, up from 15%.
As fewer Americans vacation, why are travel budgets for those who do soaring to a record $4,050?
Is the 'work from anywhere' dream creating a vacation burnout crisis for a third of American travelers?