Americans are changing their summer vacation plans

While covid is still putting a damper on vacation plans, would-be travelers are also increasingly wary of rising prices. A quarter of respondents told Bankrate they’re canceling plans because of inflation.

Even though more Americans feel like they can pay for vacations in 2022 vs. before the pandemic, many are choosing to scale back by traveling to cheaper destinations or staying closer to home. Americans are also developing a new habit of taking work-cations instead of vacations, Rossman said.

However, consumers’ actions don’t always line up with their sentiment, Rossman added.

“Pent-up demand may end up winning the day,” Rossman said. “I was actually a bit surprised at how many people said they were altering their plans, because we also see data like from the airlines…they’re reporting really high demand for spring and summer.”

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