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.

Get the full story at The Currency