U.S. summer vacationers are changing their plans due to inflation
American are doing what they can to afford well-earned vacations, even if the economic climate means they may be rethinking their original plans
Americans who are taking at least one vacation this year are expecting to use cost-saving strategies like traveling for fewer days, traveling a shorter distance, driving instead of flying or engaging in cheaper activities, according to a new Bankrate survey.
Key takeaways
- 63% of U.S. adults are likely to take a summer vacation this year, up from 61% in 2022;
- The majority (80%) of likely summer vacationers are changing their plans due to inflation;
- 29% of vacationers are saving money by selecting less expensive accommodations or destinations, closely followed by 28% who plan to engage in cheaper activities.
Get the full story at Bankrate