Americans’ top travel destinations and spending habits

Over 90% are planning domestic travel this year, expecting to spend an average of $1,163 per trip. But how are they balancing their wanderlust with their wallets?

May 14, 2024

One in 5 Millennials are planning to postpone major purchases like buying a home to fund their travel plans. A third of Americans (33%) say they aren’t waiting for retirement to see the world – and are prioritizing travel now.

Key takeaways

  • Nearly half (47%) of Americans plan to spend more on travel this year compared to 2023;
  • Summer is the season of choice for 61% of travelers, with 35% of Americans planning trips during the holiday weekends (Memorial Day, Labor Day, etc.) and 34% opting for the off-season;
  • Over half of Baby Boomers (52%) prefer budget-friendly travel options compared to younger generations;
  • Nearly 1 in 10 Americans (9%) have taken on debt to finance travel, averaging $2,849;
  • A quarter of Gen Zers (24%) feel pressured by friends to take trips they can’t afford.

Get the full story at The Currency

Related must-reads


Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from and its partners.