The ripple effect of waning inflation, rising wages, and a robust job market means that many Americans will have more money to spend on travel in 2024.
And about half of the adult travelers recently surveyed by Hopper, a travel booking app, are planning to travel more next year than they did in 2023.
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Nearly 8 in 10 (77%) said they expect to spend the same or even more on travel in 2024, Hayley Berg, lead economist at Hopper, told Yahoo Finance.
Travelers are increasingly interested in going abroad, somewhere sun-soaked, or places inspired by a movie or TV show they've binged. Some of us will even use a cultural event like a concert, art show, or sporting event in a far-flung spot to get out the door.
The good news is that we'll likely find lower prices and more deals in 2024.
“Looking to 2024, the post-COVID boom — and travelers’ desire to get out again — has not slowed down,” Catherine Prather, president of the National Tour Association,told Yahoo Finance. “The trend of ‘revenge’ tourism is applicable to travelers of all means.”
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