Industry Insights Travel Report

Over the past year, the COVID-19 pandemic has finally begun to loosen its grip on society. That's been good news for the travel industry. Comfort resuming most activities, including travel, has been mostly high and steady since Spring 2022. Over the past few months, plans to travel have generally increased alongside feelings of comfort about the pandemic, and since 2020 comfort traveling has increased across all age groups. For many Americans, concerns about COVID-19 are no longer a major factor in making travel decisions.

As of February 2023, 56% of Americans are very concerned about the present inflation rate. Among this group, just over half say they anticipate cutting spending on travel due to generally high prices.