NEW YORK—Nearly three-fourths of Americans ready to travel have changed either their behavior or their travel budgets—due to soaring prices—to make summer vacation a reality, a new U.S. News & World Report survey reveals.
About 22% have decreased their vacation budgets, and almost 21% of survey respondents say they're decreasing the number of vacations they take this year, the study found.
In addition, U.S. News & World Report said the survey found another 16.9% say they're cutting back in other areas to fund their summer vacation plans. Just 28.8% say they've made no changes to their behavior or to their budgets to accommodate travel plans, according to the survey.
How Many Vacations?
The survey shows that nearly three-quarters plan to take one or even two vacations this year. Asked how much they anticipate spending per person for their summer travel, respondents told U.S. News & World Report:
- $500 or less: 26.9%
- $501 to $1,000: 27.3%
- $1,001 to $2,000: 22%
- $2,001 to $3,000: 11.5%
- $3,001 to $4,000: 6%
- $4,001 or more: 6.3%
While some Americans are planning an expensive getaway, more than 54% have a $1,000 limit per person, U.S. News & World Report said.
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