The Summer 2024 Travel Trends report by Squaremouth.com highlights the spending trends of travelers for their summer getaways this year. Despite the rising cost of travel, travelers are not holding back on spending for their trips. Some key trends identified in the report include:
- Three-quarters of summer travelers are heading abroad, with international trips having an average cost of over $9,000 compared to just over $7,000 for domestic trips.
- The top international summer destinations for 2024 include the United Kingdom, Italy, Canada, France, Greece, Germany, Iceland, Ireland, Norway, and Spain.
- For budget-conscious travelers, popular budget-friendly international destinations with lower average trip costs in 2024 include Bermuda, Mexico, Puerto Rico, Dominican Republic, and the Philippines.
- Gen Z travelers are reported to be the top spenders this summer, with an average trip cost of $11,766, surpassing all other generations. Millennials, on the other hand, have seen the most significant year-over-year spending increase of almost 50%.
The report indicates that while travel prices are higher than ever, travelers are still keen on exploring international destinations and are willing to invest in their summer getaways. Gen Z emerges as the top spenders this year, showcasing a growing interest in travel and exploration among younger travelers.
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