Travel Takes a Backseat as Americans Cut Back Due to Inflation
With travel expenses skyrocketing, Americans are putting the brakes on their vacation plans. A recent Deloitte survey reveals that the average American is planning just 2.3 trips this summer, a noticeable drop from last year’s 3.1. The reason? Plain and simple: travel has become too expensive.
As airfare, accommodations, and even gas prices continue to climb, many are opting to stay closer to home or skip trips altogether. What was once a season of adventure and exploration has turned into a time of careful budgeting and recalibration. The dream of a summer getaway is increasingly out of reach for many, replaced by staycations or shorter, more economical trips.
This trend marks a shift in how Americans are coping with inflation, prioritizing financial stability over the allure of travel. The result? A quieter, more subdued summer, as the cost of hitting the road becomes too high.