American Express Sounds Alarm on Air Travel Getting More Expensive
While many things got more expensive in 2022, travel is one category in which it’s easier to cut back. A recent survey found that out of the 43% of American adults who had hoped to travel this holiday season, 80% altered their plans in some way for financial reasons.
Deloitte estimated that only 31% of Americans planned to take a trip between Thanksgiving and mid-January this year. 42% did so in 2021.
The high cost of everything from airfare to hotels is the primary reason for the lower numbers — at one point in the summer, domestic flights were up