Summer Travel Outlook: Inflation Impacts Plans and Prices

The cost of summer travel this year may come as a shock to many travelers due to rising costs of flights, hotels, and gas prices. Less than half of U.S. adults plan to travel during the summer season, with 40% citing cost as the reason for skipping vacation. Some travelers are opting to drive instead of fly or stay closer to home to cut down on costs. Inflation continues to be a major cause for concern, with hotel rates increasing by 8% from a year ago. Airlines have reduced schedules due to staffing and equipment shortages, leading to higher prices on many routes. It is recommended to book flights and hotels now before prices go even higher.