Summary
The cost of travel in the United States has risen by 20% since 2019. This increase is due to higher prices for gas, hotels, and food, which limits the amount of money people have left to spend on vacations. As a result, many Americans are changing their travel plans, opting for fewer or less expensive trips.
Key Facts
- U.S. travel costs have increased by 20% since August 2019.
- Higher prices for gas, hotels, and food contribute to this increase.
- Restaurant food and drink prices have gone up over 30% since the pandemic.
- Rising overall costs, including housing and groceries, reduce discretionary spending.
- A market divide shows luxury travel doing well, while lower-income travelers feel the pinch.
- Many Americans report cutting back on travel or choosing less expensive destinations.
- In an NPR survey, people mentioned difficulty affording travel due to rising living costs.
