The few banks are expelled from traveling this summer, according to a survey conducted by the Bankrate consumption finance company.
About 46% of respondents said they are planning a summer vacation this year of 53% in 2024. Or those who do not intend to travel, almost two thirds (65%) said the money was the main reason.
However, not only travel costs that prevent people from planning trips: more respondents said that the cost of daily life (68%) was a problem greater than holiday success (64%).
In addition, the number of those who said that “they were not sure” about their summer holiday plans increased, from 18% in 2024 to 23% in 2025.
Recent tariffs and the fears of a possible recession are causing more travelers to adopt a waiting and view of summer holidays, said Ted Rossman, an analyst at the Bankrate senior industry.
“We are seeing more layoffs and the highest prices potential, which many people have to the limit,” said CNBC Travel, citing a fall in the feeling of the consumer in recent weeks.
However, the number of people who said they were not planning a summer trip also fell, from 29% in 2024 to 24% in 2025. The survey showed that planning to use the debt to finance their summer vacations also decreased from 36% to 29%.
The 2,238 adult survey was held in mid -March.
Other reasons why people stay at home
Slow start of the year
The domestic expense for accommodation, flights and tourist activities has had a slower start in the United States this year, according to a March report by Bank of America.
“It could be that the fall recently in consumer confidence translates into people who doubt in book trips, or consider remembering them,” says the report.
He also noted that bad weather spells in parts of the country could have reduced travel spending, while a later Easter vacation may have pressed some expenses, which generally occur in March, to April.
People with Elmo costumes walk on Times Square Duration a snowstorm on February 8, 2025 in New York City.
CRAIG T Fruitman | Getty Images Entertainment | Getty images
Low income households are cutting their travel expense more, while the richest travelers may be choosing to spend more abroad, according to the report.
The travel and tourism sector represents about 3% of the Gross Domestic Product of the United States and used around 6.5 million people in 2023, he says, citing the accounts of travel and tourism satellites from the Office of Economic Analysis.
Expenditure even higher than 2019
Even so, domestic spending on hotels, flights and activities related to tourism is higher than the levels of 2019, according to the Bank of America report.
Rossman added that, despite the lower feeling of the consumer, many people still plan to travel this summer.
“Airlines warn about lower demand and lower profits, and we are listening to some concerns of possible international visitors to the United States for political reasons,” Rossman said. “Despite the gloomy humor, we are still seeing many trips.”