U.S. Travelers More Concerned About Costs Than Covid for First Time Since Pandemic
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Americans are now saying that financial factors trump health and safety worries when it comes to travel decision-making. While some are staying home because they can't afford it, those determined to travel are finding ways to work around higher prices.
While Covid remains an important factor in travel decisions, nearly half of U.S. travelers said that financial concerns are the primary reason they will not be traveling this summer, according to a recent summer travel survey by Deloitte.
“With traveler confidence increasing and health concerns declining, Americans are packing their bags and upgrading their summer trips,” said Mike Daher, vice chair of Deloitte LLP and U.S. transportation, in the report. “However, a rise in financial concerns for some will keep them grounded.”
Out of those choosing to stay at home this summer, forty four percent of respondents, up 13 percent since 2021, said that financial factors were their main concern when it comes to traveling, replacing health and safety factors for the first time since the start of the pandemic.
In fact, travelers with a household income under $50K are twice as likely to say they significantly cut travel budgets from pre-pandemic yea
