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?
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.
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