Research

Travel Enthusiasm Holds Steady Despite Rising Economic Concerns

According to the April edition of the “State of the American Traveler” by Future Partners, despite extraordinary recent uncertainty, traveler sentiment remains unchanged from last year with 87% of American Travelers registering high excitement levels for travel

However, travelers are bracing for economic trouble, as recession fears are rising fast. More than half of travelers now expect a recession in the next six months which is an 18-point jump since the beginning of the year.

Travel budgets are near $5,600 currently, pacing above the spending average tracked since 2022 of $4,460.

A significant proportion of travelers say they expect to make changes to their travel buying and behaviors because of these concerns. Many indicate they will prioritize more affordable destinations, use rewards programs, travel less frequently, reduce spending on activities and reduce spending on accommodations.

On a positive note, and further underscoring the importance of travel, only 9% expect to cancel trips altogether due to recession fears.

Lee la Actualización de Investigación en Español