Financial worries may have bumped the Pandemic as a top concern for travelers, but close to two-thirds of Americans still plan to hop on at least one overnight trip in the next three months. Almost half of the travelers are going to visit family and friends.
The outlook for fall looks stable despite the challenges facing our industry, according to a live streamed presentation of the State of the American Traveler report. Data was collected from July through most of September.
According to the report, 80% of US travelers confirm that they are excited about future trips, and nearly a third say they will take more leisure vacations in the next year.
More than 30% of planned trips were canceled due to high prices. 45% of people hadn't traveled in the last month. More than one third of American travelers have reconsidered their fall travel plans due to the frustration of traveling over the summer.
Only 27% of people think their financial situation is better than it was a year ago, compared to 41% who thought their financial situation was worse.
Despite chaotic, expensive, and frustrating service over the summer, US travel optimism is still high. It is predicted to be the costliest, busiest holiday travel season yet according to a report from Hopper Inc.
According to Hopper, more than half of American travelers plan to get around for one or both of this year's major holidays; 70% will stay in the US while 25% will head overseas.
Canada is dropping Covid entry requirements this weekend in order to make it easier for US tourists to visit the country.
It is possible to travel without a covid vaccine or test.
The rising cost of airfare and financial uncertainty may keep more Americans home. Hopper predicts that air tickets will cost more this year for international and domestic flights than they did last year.
The segment most likely to spend on leisure travel in the next year is baby boomers, who are ready to spend $4,285. The luxury travelers were the leader. According to survey results from Journey Woman, boomers are driving most of the tour bookings.
According to a travel panel presented by Robb Report, unconventional modes of travel are grabbing more attention and money. The experience of floating at the edge of space in an eight seat capsule for $125,000 per person is currently sold out.
Francis-Cummings said that US luxury travelers tend to be more eco-conscious and are more likely to support minority-owned businesses. More than half of this segment said they would be interested in using the metaverse to find travel inspiration.
Francis-Cummings encourages a more open look at who is a luxury traveler. Many people who prioritize luxury travel experiences have not yet reached a $100,000 household income, but are still spending their discretionary income on travel.
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