Fewer Americans Plan Summer Travel Amid Rising Costs

Fewer Americans are planning summer vacations in 2025, with only 46% saying they intend to travel, down from 53% the previous year, according to Bankrate surveys. The primary reason cited is financial pressure, as 65% of non-travelers say they simply can't afford a trip, with the rising cost of everyday life outpacing even travel expenses. Economic uncertainty, recent tariffs, and fears of a potential recession are prompting many to delay or scale back travel plans, and some are opting for more affordable alternatives or staycations. There is also increased concern over job losses, layoffs, and workplace pressures, with more people finding it difficult to secure time off. The travel industry's response includes airlines adjusting projections and relying more on wealthier travelers, while travel agents note customers are booking major trips less frequently. Additionally, worries about flight safety have increased following recent aviation incidents, further dampening enthusiasm for summer travel.