11% increase in travel plans Americans

11% increase in travel plans Americans

“The percentage of Americans plotting vacations spiked by more than 11 percentage points to 63.5%”

 

A report by the U.S. Conference Board published late October reveals that the percentage of Americans planning to take a vacation in the coming six months has increased significantly. While the Great Recession (2008-2012, red.) caused a severe decline in Americans travelling, either domestic or abroad, this years’ optimism about a steady job market, a booming stock market and an unemployment rate that’s the lowest in 16 years, have caused a splurge in the vacation plans.

 

Allthough general spending plans are slightly mixed, there was an exception: travel plans. The number of Americans planning to travel in the coming months increased by more than 11 percentage points to 63.5%. Almost half of the respondents of the survey stated to intend to travel within the U.S. while an additional 14.5% plans to travel abroad. Just over a quarter plans to fly to the destination and almost 1/3 will drive.

 

Source: CNN Money