Although the leaves are still falling, the holidays are just around the corner. For those that plan on spending time with family and friends, near and far, it’s almost impossible to ignore that rising prices are affecting every part of the travel experience.
A survey conducted by YouGov (a market research/analytics firm) on behalf of TPG, an American investment company, reported that most US adults that have traveled, or plan to travel in 2022, have altered their itinerary to account for the mounting prices.
Breaking down the results, YouGov reported that 67% of US travelers plan on driving as opposed to costly and inconsistent flights, staying closer to home, and spending less on destination attractions.
Despite 2022’s cost increases throughout every industry, travel and tourism included, YouGov reports that 37% of Americans will still end up spending less than they did before the Covid-19 pandemic.
A TPG reader mentioned that she had booked flights and a hotel room for her Christmas vacation to visit family in Jamaica. Booking both back in February to save money, she remarked that while her hotel room booking was similar in cost to past years, the flight “fares were outrageous.”
Make your travel arrangements right away if you plan on driving (or flying) for the holidays. Book as early as possible to get the best price(s) this season, but remain flexible with your travel dates and stay length. Be mindful of any booking deals and use your points and loyalty benefits as often as possible. Lastly, use travel credit cards with protection benefits to help offset any unexpected cancellations, delays, and disruptions.
