"Is the Travel Industry Ready for the Surge of American Travelers in 2024?"
A new report is shedding light on American travel plans for the new year– and 50% of Americans say they’re planning on traveling more in 2024.
IPX1031 surveyed 1,000 people, nationwide, about their travel plans for the new year. Highlights include:
90% are planning on travel in 2024; 38% will travel internationally, while 85% will go out of state
Top travel destinations for Americans: Florida, California, New York, Japan, Nevada
72% plan on staying in a hotel while 1 in 3 will stay in a rental home
58% prefer hotels to other accommodations, and 49% believe hotels offer the best value
How are Americans affording travel? The report revealed more than half (54%) say the current economy is impacting their travel plans; with 15% admitting to canceling or postponing travel due to costs. For those that are forging ahead with travel plans, 66% say they’re budgeting an average of $5,300 for travel in 2024.
Story Credit: https://www.ipx1031.com
