More than half of Americans expect to travel less this summer

• Americans are significantly reducing their summer travel plans and spending this year compared to 2024.
• This downturn is attributed to growing economic fears, rising inflation, and a slowdown in consumer spending.
• Donald Trump's renewed threats of tariffs on 26 countries, including Mexico, the European Union, and Brazil, are a key factor contributing to economic uncertainty.
• The average summer holiday budget has decreased by 25 percent, from $4,199 last year to $3,132 this year.
• Over half of Americans (56 percent) intend to travel less this summer, with financial concerns being the primary reason, leading many to opt for shorter, domestic trips.

IN FULL

Diminished fun in the sun: Americans are spending 25 percent less on summer vacation this year over economic fears