The recent American Express Spending & Saving Tracker indicates that 51% of Americans are planning a vacation this summer. Those surveyed expect to spend on average $1,000 per person on summer travel, a figure that increases to $4,800 among young professionals and $6,400 among affluents. Additionally, 58% of parents plan to spend an average of $600 per child on summer activities at home. Family trips are the most popular (52%) but other types of vacations include couple trips (26%), a staycation (11%) trips with friends (10%), experiential or adventure vacations such as a culinary retreat or hiking trip (7%) and educational vacations (4%).
Most people planning a vacation will stay in the U.S. (89%). However, affluents (19%) and young professionals (29%) are more likely to travel outside the U.S. Of the 49% of people who do not plan on taking a summer vacation, the main reason cited is that they have not saved for a vacation (44%).
Most people planning a vacation will stay in the U.S. (89%). However, affluents (19%) and young professionals (29%) are more likely to travel outside the U.S. Of the 49% of people who do not plan on taking a summer vacation, the main reason cited is that they have not saved for a vacation (44%).
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