Current:Home > ContactFrom family road trips to travel woes: Americans are navigating skyrocketing holiday costs -GrowthProspect
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
View
Date:2025-04-19 03:10:47
People are shelling out more to travel the holiday road this season.
About a third of Americans are planning to travel more this winter than in 2023, according to an October survey by rental fleet management company Zubie. And compared to last year, those travelers are shelling out more for their getaways.
A report from travel insurance marketplace Squaremouth found that travelers are spending over 50% more for trips between Thanksgiving and the end of the year. This year, the average trip cost for Americans was about $5,861, an increase of 25% compared to 2023.
While Americans aren't avoiding travel as they look to limit spending, some are changing what sort of trips they plan. More Americans are taking multigenerational family trips or group trips, while others are choosing "bucket list" destinations, opting to take bigger and longer trips over fewer, smaller ones.
Travel disruptions, such as severe weather, flight delays or cancellations, lost luggage or rental car issues, also contribute to the rising spending costs. While more purchased travel insurance for their trips earlier on average than last year, travel insurance claims also rose by 18% in 2024. Canceled trips accounted for most of the claims, with medical emergencies and delays being the other two common reasons.
Enjoy your worry-free vacation:Best travel insurance policies
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (757)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Man pleads guilty in theft of bronze Jackie Robinson statue from Kansas park
- 4-year-old girl dies from injuries in Texas shooting that left entire family injured
- Hugh Jackman's Ex Deborra-Lee Furness Details Personal Evolution After Breakup
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Bucks veteran Patrick Beverley suspended by NBA for throwing ball at fans
- With Eras Tour changes, these songs landed on Taylor Swift's chopping block
- Federal judge orders Florida man held without bond in his estranged wife’s disappearance in Spain
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How Chris Olsen Got Ringworm Down There and on His Face
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Faulty insulin pump tech led to hundreds of injuries, prompting app ecall
- Argentina's chainsaw 'anarcho-capitalist' leader Javier Milei defies inflation doubters
- Heather Rae El Moussa Details How Son Tristan Has Changed Her
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- St. Louis police officer fatally shoots man who shot another man; happened near City Hall
- Family connected to house where Boston police officer’s body was found outside in snow testifies
- As Extreme Weather Batters Schools, Students Are Pushing For More Climate Change Education
Recommendation
The Super Bowl could end in a 'three
Officer fatally shoots armed suspect in domestic disturbance that injured man, police say
One prime-time game the NFL should schedule for each week of 2024 regular season
Minnesota makes ticket transparency law, cracking down on hidden costs and re-sellers
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Rapper NBA YoungBoy is held on $100K bail in Utah prescription fraud case
Young Sheldon Kills Off Beloved Cast Member During Final Season
Virginia school board votes to restore names of Confederate leaders to 2 schools