Current:Home > ScamsFrom family road trips to travel woes: Americans are navigating skyrocketing holiday costs -Secure Growth Academy
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
View
Date:2025-04-17 11:15:33
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! (47)
Related
- Small twin
- $73.5M beach replenishment project starts in January at Jersey Shore
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Tom Holland's New Venture Revealed
- 2025 'Doomsday Clock': This is how close we are to self
- The Daily Money: Spending more on holiday travel?
Ranking
- Don't let hackers fool you with a 'scam
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- What do we know about the mysterious drones reported flying over New Jersey?
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
The Daily Money: Spending more on holiday travel?
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Travis Hunter, the 2
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname