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

May 3, 2023

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

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