Travel is too expensive now travel demand falls under cost concerns [Video]

‘Too expensive’ to travel now

Americans are planning 2.3 trips this summer, down from 3.1 trips from the summer of 2023, according to Deloitte’s survey of more than 4,000 people.  

The number of people who said they’re avoiding summer travel altogether increased from 37% to 42%, the report showed. When asked why they’re staying home, nearly a third of respondents said “travel is too expensive right now” — a jump of eight percentage points from 2023, according to Deloitte.

Younger people pull back on ‘fun’