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.