The data: US consumers continue to prioritize travel, even as they pull back elsewhere.
Why this matters: Travelers are cutting back in other areas before halting trip plans.
The data demonstrates how the pandemic reshaped priorities, with more consumers putting a premium on experiences. US digital travel sales rose 35% between 2019 and 2023, a period shaped by the pandemic collapse and subsequent rebound. While we don't expect that pace of rebound to repeat, we expect steady growth to continue, starting with roughly 5% this year and extending through 2030.
Implications for travel and hospitality marketers: Though travel demand remains resilient, consumers have responded to growing cost pressures by taking shorter trips, traveling off-peak, or seeking better value.
That creates an opportunity for marketers to lean into value through perks and amenities—such as free breakfast, bundled experiences, and loyalty benefits—to win share.
Younger consumers highlight both the challenge and the opportunity. A third of Gen Z travelers (33%) say they need significantly more money to travel this year than last year, per a recent MoneyLion survey. At the same time, 28% plan to spend $5,000 or more on summer travel, the highest of any generation, per Priceline. Those results show that even as budgets tighten, demand is holding up.
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