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54% of Summer vacation plans changed due to cost, 50% due to Covid

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Forbes Advisor surveyed 2,000 Americans with summer vacation plans this year. Here’s what they plan to do on vacation, what’s impacted their travel plans and more.

More than half (54%) of summer vacationers Forbes Advisor surveyed say the cost of trips is affecting their travel plans. Half (50%) report that concerns about Covid and their finances were taken into account when planning vacations.

With trip cost the top concern among summer vacationers, money-saving measures may be the financial version of sunscreen - slathered on to prevent vacation budgets from blistering. When comparing summer travel costs for this year to 2021:

  • 42% say they’ll spend more than last year.
  • 28% will spend less.
  • 15% expect their vacation spending to be about the same.

Finding travel insurance that covers Covid remains a top priority for travel insurance buyers: 34% of travel insurance buyers (nearly the same percentage as last year) looked specifically for plans that cover Covid, according to Squaremouth.

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