valuepenguin
73% of Americans Plan to Travel This Summer – But Inflation Has Forced Some to Alter Their Plans
ValuePenguin | May 26, 2022
ValuePenguin Survey Finds Americans Will Take Fewer Trips but Plan to Spend More Money While on Vacation NEW YORK, May 26, 2022 -- After a 2-year slump, summer travel is heating up. A new ValuePenguin Survey finds that 73% of Americans are ready to cross off coveted destinations from their bucket lists but not everyone is ready to splurge. Soaring costs and a lingering pandemic have some opting out and staying home. Highlights More Americans plan to travel this year - On average they plan to spend about $2,700 per trip, up $300 from 2021. High costs keep others from vacationing - 57% of those who aren't traveling this su...
51 Million Americans Have Labor Day Travel Plans, With Florida as the Top Destination
ValuePenguin.com | September 1, 2021
NEW YORK — September 1, 2021 — Although the delta variant continues to affect many, ValuePenguin's survey of U.S. consumers showed that Americans aren't ready to pack away their luggage regardless of coronavirus developments and others may be shying away from travel for now. One of the top destinations for Labor Day weekend? Florida. Key findings: One in 5 (20%) of Americans — 51 million — are traveling for Labor Day. Those most likely to travel include six-figure earners (32%), parents with kids under 18 (30%) and Gen Xers (25%). But 29 million (11%) have had to cancel plans (or had them canceled) due to delta variant c...
48% of Americans Canceled Summer Travel Due to Coronavirus Concerns
ValuePenguin.com | April 27, 2020
Nearly half of those with an upcoming trip lost money on nonrefundable costs, averaging more than $800. NEW YORK, April 27, 2020 -- Uncertainty surrounding the coronavirus pandemic has caused nearly half (48%) of Americans to cancel their summer travel plans for this year leading to more distress for the travel industry. Additionally, 1 in 6 Americans also said they would wait a full year before traveling again. Unfortunately, canceled travel isn't the only thing causing trouble for the travel industry. In a recent survey by ValuePenguin, 43% of Americans said they feel more negatively about the industry as a whole and will change the...
