It’s not the sun that makes vacationers feel hot this summer. This year is likely to be one of the most expensive summers ever, and the cost of travel is going to hurt your wallet.
According to U.S. travel market SquareMass.com, travelers will spend an average of more than $9,300 on trips in the summer of 2023. This is his most expensive summer ever, with his travel average 6.8% higher than last year.
These numbers were derived from: square mouse To come to this conclusion, we analyzed data from thousands of travel insurance policies purchased for travel this summer.
Travel costs soar this summer
Inflation is the main reason for soaring travel prices this summer. TripIt’s Vice President of Products Jen Moyes said: Recent research A travel planning app revealed that 79% of respondents said inflation had affected their travel plans for next year.
Moyes continued, “However, despite the additional costs, only a few respondents said that inflation had led to fewer trips being planned or more types of trips being planned. 18%,” he said.
Luxury travel agencies have a similar opinion.Founder Jeremy Crabb rainforest cruiseThe company, which offers exotic riverboat and small boat cruises, said his company had record summer sales despite higher costs. “I would have to say that our target market is high-end consumers who are less susceptible to rising travel costs,” Crabb said.
This demand for travel and the willingness to pay higher prices is also driving prices up, according to Christie Kincaid, owner and travel agent of . selected trips. She added, “People are paying the price, so I don’t think this situation will abate anytime soon.”
Impact of price on the travel industry
While some sectors of the travel industry appear to be unaffected by higher costs, others are feeling the impact.
“here new orleanswe’ve noticed a pretty big steep drop in sales compared to 2022 and the years before the pandemic,” says owner Leonard Christo. Gators & Ghosts New Orleans Tour.
Some companies are passing the increased costs on to their customers in less visible ways.
“More and more companies are charging fuel surcharges, and more and more are passing credit card fees on to guests,” explains Christo.
Bobby Mikulas, CEO and Co-Founder Kinship Landing The Colorado Springs-based company said last-minute bookings for this summer were lower than expected and local spending is down.
Travel agents are also driving customers away from certain destinations due to significantly higher prices. “We’re seeing very high prices this year in Europe because of airfare and hotel prices,” Kincaid said. Mr. Kincaid advises customers to save money on Europe for another year and instead guides domestic destinations such as Alaska this summer, as well as more affordable destinations in South America.
where are people going this summer
European destinations have seen the highest price increases, but that doesn’t stop travelers from flocking to the continent.
According to SquareMath, eight of the 10 most popular international travel destinations this summer are in Europe, with Italy topping the list for the second year in a row.
Top 10 Overseas Summer Destinations for 2023 Squaremouth.com
| destination | % of sales |
| Italy | 6.75% |
| Canada | 5.90% |
| England | 5.42% |
| France | 4.06% |
| Greece | 2.96% |
| Mexico | 2.96% |
| Iceland | 2.89% |
| Germany | 2.81% |
| Ireland | 2.48% |
| Norway | 2.23% |
According to TripIt Itinerary informationMoyes says Orlando is with them. DenverSeattle, San Diego, and Anchorage are among the top destinations for domestic travelers this summer.
can reduce costs
Luckily, there are still ways to cut the cost of summer vacation travel planning, and travel experts have plenty of suggestions.
“Picking a trip on a non-peak day is classic, but it’s still a great way to save money,” Mikulas says. “For example, if you arrive on Monday and check out on Thursday, we’ll save you hundreds of dollars.”
Another way to save money is to travel to destinations that are actually off-season in the summer.Christopher Falvey, Co-Founder Ghost Tour New OrleansAccording to New Orleans, summer is the peak season from February to April, so prices are cheaper.
Clubb advises travelers to check prices directly on the provider’s website, rather than relying solely on comparison sites when looking for accommodation and flight prices. It’s because it’s often offered,” he recommends. Clubb also VPN Seeing airline ticket prices in different currencies can help you make the most of airline price discrepancies.
High travel prices don’t mean travelers should stay home this summer. However, you should be more flexible with dates, locations and activities you choose.
This article was created by If you wear clothes, you can travel Syndicated by Wealth of Geeks.
