With revenge travel over and pandemic savings depleted, travelers say they're planning fewer trips this summer, or skipping their vacations altogether.
"After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip," states a summer travel report from Deloitte Insights.
'Too expensive' to travel nowAmericans are planning 2.3 trips this summer, down from 3.1 trips from the summer of 2023, according to Deloitte's survey of more than 4,000 people.
watch nowThe number of people who said they're avoiding summer travel altogether increased from 37% to 42%, the report showed.
Those generations are spending less on airfare and hotel accommodations too, said Baig, suggesting a cutback in travel spending may be a normalization of the market following the end of revenge travel.
Persons:
they're, Sofia Baig, Gen Zs, Baig, Zs
Organizations:
Deloitte, Marriott, Wyndham, Morning
Locations:
Hyatt, Airbnb