Current:Home > NewsFrom family road trips to travel woes: Americans are navigating skyrocketing holiday costs -WealthSpot
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
View
Date:2025-04-15 13:02:26
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! (83776)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Taylor Swift's 'Eras' wins box office as 'Killers of the Flower Moon' makes $23M debut
- King of the entertainment ring: Bad Bunny now a playable character in WWE 2K23 video game
- Taylor Swift's 'Eras' wins box office as 'Killers of the Flower Moon' makes $23M debut
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Step Brothers' Will Ferrell and John C. Reilly Reunite and Surprise Snoop Dogg for His Birthday
- Juvenile arrested in California weeks after shooting outside Denver bar injured 5 people
- Man accused of killing 15-year-old was beaten by teen’s family during melee in Texas courtroom
- DoorDash steps up driver ID checks after traffic safety complaints
- Are you leaving money on the table? How 1 in 4 couples is missing out on 401 (k) savings
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- How did Elvis and Priscilla meet? What to know about the duo ahead of 'Priscilla' movie.
- Outcome of key local races in Pennsylvania could offer lessons for 2024 election
- Counting down the NBA's top 30 players for 2023-24 season: Nos. 30-16
- Former Syrian official arrested in California who oversaw prison charged with torture
- Kim Kardashian says Kourtney is on 'bed rest' after older sister missed her birthday party
- Eagles vs. Dolphins Sunday Night Football highlights: Jalen Hurts, A.J. Brown power Philly
- The vehicle has been found but the suspect still missing in the fatal shooting of a Maryland judge
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Halloween pet safety: Tips to keep your furry friends safe this trick-or-treat season
Another dose of reality puts Penn State, James Franklin atop college football Misery Index
Russia taking heavy losses as it wages new offensive in Ukraine
Senate begins final push to expand Social Security benefits for millions of people
Step Brothers' Will Ferrell and John C. Reilly Reunite and Surprise Snoop Dogg for His Birthday
Investigators use psychology to help extract confessions from a suspected serial killer
IAEA officials say Fukushima’s ongoing discharge of treated radioactive wastewater is going well