Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
According to a Bankrate Consumer Finance poll, fewer Americans plan to travel this summer.
About 46% of respondents said they plan to summer vacations this year-in comparison with 53% in 2024. Of those who do not intend to travel, nearly two -thirds (65%) said the main reason.
However, this is not only the cost of traveling from travel planning – more respondents said that the cost of everyday life (68%) is a greater problem than vacation costs (64%).
In addition, the number of those who said they are “unsure” about their summer holidays – from 18% in 2024 to 23% in 2025.
Recent tariffs and fears of a possible recession make more travelers accept the approach to the summer holiday, said Ted Rossman, senior industry analyst Bankrate.
“We see more layoffs and potential for raising prices that are a lot of people,” he said Travel CNBCReferring to the fall of consumer mood in recent weeks.
However, the number of people who said they did not plan a summer trip decreased – from 29% in 2024 to 24% in 2025. The survey showed that those who plan to use debt to finance summer holidays decreased from 36% to 29%.
A survey of 2238 adults was conducted in mid -March.
Internal housing, flights and tourist events start slower in the United States this year, according to a March report.
“It may be that a recent drop in consumer confidence is translated from people who fluctuate to book or consider returning them,” the statement reads.
He also noted that the spell of bad weather in some parts of the country could reduce travel costs, while a later Easter holiday may have pushed some costs – which usually happens in March – by April.
People in New Yar in New Yar in New York in New York.
Craig T Fruchtman | Getty Images Entertainment | Gets the image
Households with low income reduce their trips, which spend the most, and wealthy travelers can choose more money abroad, the report notes.
The travel and tourism sector is about 3% of the US gross domestic product and in 2023 worked about 6.5 million people, citing the Bureau of Satellite Accounts for Economic Analysis.
However, internal costs on the hotel, flights and activities related to tourism are higher than in 2019, according to the Bank of America.
Rossman added that, despite the lower consumer moods, many people still plan to travel this summer.
“Airlines are warning about reducing demand and less profit, and we hear some problems of potential international visitors for political reasons,” Rossman said. “Despite the gloomy mood, we still see a lot of travel.”