Fewer Americans Are Planning to Travel This Summer, Accord to A Survey by the Consumer Finance Company Bankrate.
About 46% of respondents said that this year they are planning a vacation-compared to 53% in 2024, of those who do not intend to travel, almost two-thirds (65%) stated that money is the main reason.
However, not only travel costs stop people from planning travel – more respondents said that the cost of everyday life (68%) was a bigger problem than holiday expenses (64%).
In addition, the number of those who claimed that they were “not sure” about their holiday plans, increased – from 18% in 2024 to 23% in 2025.
The last tariffs and fears of a possible recession mean that more travelers are taking the approach to waiting for summer holidays, said Ted Rossman, a senior industry analyst at Bankrate.
“We see more exemptions and the potential of higher prices that many people have on the edge,” he said CNBC journeyciting a decrease in consumer moods in recent weeks.
However, the number of people who stated that they did not plan a summer journey – from 29% in 2024 to 24% in 2025. The study showed that people planning to use debt to finance their summer holidays also fell from 36% to 29%.
A study of 2238 adults was conducted in mid -March.
Other reasons why people stay at home
Slow beginning of the year
According to the March report, Bank of America, national expenditure on accommodation, flights and tourism is slower in the United States.
“It may happen that a recent decrease in consumer trust translates into people hesitating to travel or consider their alleviating,” says the report.
He also noticed that bad weather spells in some parts of the country could reduce travel expenses, while later Easter holidays could exceed expenses – which usually occur in March – until April.
People in Elmo costumes pass through the Times Square during a snowstorm on February 8, 2025 in New York.
Craig T Fruchtman | Getty Images Entertainment | Getty images
The report states that households with lower income limit travel expenditure, while wealthier travelers can decide to spend more money abroad.
The travel and tourism sector accounts for about 3% of the American gross domestic product and employed about 6.5 million people in 2023, as he declares, citing the Bureau of Economic Analysis satellite accounts.
Expenses even higher than in 2019
According to the Bank of America report, national expenditure on hotels, flights and tourism activities is higher than level in 2019.
Rossman added that despite the lower consumer sentiments, many people are still planning to travel this summer.
“Airlines warn against lower demand and lower profits, and we hear some fears of potential international guests to the US for political reasons,” said Rossman. “Despite the gloomy mood, we still see a lot of travel.”