Inflation to curb holiday travel plans

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Inflation to curb holiday travel plans
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Bankrate's survey finds Americans are considering shortening their holiday trips, engaging in less expensive activities, or opting for cheaper lodging and travel destinations.

Omni Hotels & Resorts Chairman Peter Strebel says there’s a ‘thirst’ for getting people back together during the holidays.just 50 days before Thanksgiving.

Passengers wait in line inside the terminal at Newark Liberty International Airport in Newark, New Jersey, Nov. 24, 2021.Roughly 23% of respondents said they would drive instead of fly to their holiday destinations, while 12% said they would fly instead of driving. Gen Zers and millennials were more likely to say inflation was driving their holiday travel plan changes, with 82% of each group saying so. Meanwhile, 78% of Gen Xers and 73% of boomers cited inflation for tweaking their holiday travel plans.In order to get the best possible deals this holiday season, many Americans are booking their travel in advance. According to AAA, the best time to book travel for Thanksgiving is less than a month before the holiday.

"Monday flights tend to be cheaper, but if you want to save the most money — and avoid the travel rush — book a flight for Thanksgiving Day itself," she added.

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