Bankrate's survey finds Americans are considering shortening their holiday trips, engaging in less expensive activities, or opting for cheaper lodging and travel destinations.
Omni Hotels & Resorts Chairman Peter Strebel says there’s a ‘thirst’ for getting people back together during the holidays.just 50 days before Thanksgiving.
Passengers wait in line inside the terminal at Newark Liberty International Airport in Newark, New Jersey, Nov. 24, 2021.Roughly 23% of respondents said they would drive instead of fly to their holiday destinations, while 12% said they would fly instead of driving. Gen Zers and millennials were more likely to say inflation was driving their holiday travel plan changes, with 82% of each group saying so. Meanwhile, 78% of Gen Xers and 73% of boomers cited inflation for tweaking their holiday travel plans.In order to get the best possible deals this holiday season, many Americans are booking their travel in advance. According to AAA, the best time to book travel for Thanksgiving is less than a month before the holiday.
"Monday flights tend to be cheaper, but if you want to save the most money — and avoid the travel rush — book a flight for Thanksgiving Day itself," she added.
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Inflation is crimping many Americans' holiday travel plansCost of U.S. flights around the Thanksgiving holiday is up roughly 25% compared with last year, booking data shows.
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Eighty percent of holiday travelers will change plans due to inflation - KRLD NewsOf the 43% of U.S. adults planning to travel this holiday season, just under eight in 10 of those travelers -- 79% -- are changing their plans this year due to inflation/rising prices, according to a new survey from Bankrate. Among those planning overnight leisure trips between Thanksgiving and New Year’s, 26% say they will travel for fewer days, 25% will engage in cheaper activities, 25% are selecting less expensive accommodations/destinations, 24% will take fewer trips, 23% will travel shorter distances, 23% will drive instead of flying, and 22% will use rewards points/miles/loyalty programs. KRLD's John Liddle chatted with Bankrate's Ted Rossman about the findings and suggestions for economic holiday travel.
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Walmart Is Making Several Major Changes for the Holiday SeasonWalmart recently revealed plans for an improved holiday shopping experience with the addition of new deals, products, features, and programs.
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Hyundai Could Get Federal EV Tax Credits Thanks To New Bill From Georgia Senator | CarscoopsHyundai Could Get Federal EV Tax Credits Thanks To New Bill From Georgia Senator | Carscoops carscoops
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Thanksgiving prices rising after bird-flu kills millions of turkeysTurkey prices are going through the roof but not because of inflation.
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Goodwill stores take thrifting online for shoppersGoodwill’s new online store opens as soaring inflation is compelling shoppers to look for bargains.
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