Americans are shifting their travel plans to more affordable destinations and style of transit as they fear a possible recession this year. According to a survey of over 1,000 Americans by Beach.com, 61 percent of people are concerned about a recession impacting their vacation plans this year and 75 percent expect costs to rise in 2025 compared to 2024.
Of those surveyed, 72 percent said they would adjust their travel habits if a recession occurs, with 47 percent saying they would choose more affordable destinations. Two-thirds (67 percent) of those surveyed said they are considering alternative vacation plans, such as road trips or staycations. About one-third each are planning to reduce the number of vacations planned (35 percent) or intend to travel off-peak (34 percent) to alleviate some of the financial burden.
Respondents also said they would book “budget accommodations” like an Airbnb or hostel (37 percent), Other alternatives include taking only local day trips (55 percent), visiting National or State Parks (44 percent), and staying with friends and family (43 percent).
Despite the plans to seemingly prioritize travel despite concerns of a recession, only one in 10 respondents said they will prioritize travel in their 2025 budgets. Similarly, despite these economic uncertainties, 44 percent of travelers do not plan to purchase any travel insurance. (That said, 34 percent are planning to purchase cancel-for-any-reason insurance.)
Source: Beach.com
Related Stories
Travel Leaders Research Notes Growing Interest in Using Advisors
Safari Intel: New Destinations, More Families & Extended Seasons
CHTA Reports Strong Industry Performance, Positive 2025 Outlook\