Due to 2022's new wave of inflation, many consumers in the United States are cutting back on their usual and planned travel expenses. About four in ten surveyed U.S. consumers said they intended to reduce the amount of time they spent driving to save on gasoline. Just over a third of Americans also stated they planned to take fewer vacations in order to cope with rising travel costs.
Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method
Characteristic
Share of respondents
Driving less overall
42%
Taking fewer vacations
35%
Decreasing hotel spend
22%
Plan to purchase more fuel-efficient or electric vehicles
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First Insight. (May 4, 2022). Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/
First Insight. "Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method." Chart. May 4, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/
First Insight. (2022). Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/
First Insight. "Share of Consumers Cutting Back on Travel Spending Due to Inflation in The United States in 2022, by Method." Statista, Statista Inc., 4 May 2022, https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/
First Insight, Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method Statista, https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/ (last visited November 22, 2024)
Share of consumers cutting back on travel spending due to inflation in the United States in 2022, by method [Graph], First Insight, May 4, 2022. [Online]. Available: https://www.statista.com/statistics/1320556/consumer-cutbacks-on-travel-due-to-inflation/
