Consumers ready to splurge on trips with travel rewards: report

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Consumers ready to splurge on trips with travel rewards: report
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About a quarter of U.S. consumers are saving travel rewards for luxury experiences.

by NerdWallet, the COVID-19 pandemic is still impacting consumers’ travel choices. On average, however, U.S. travelers plan to take two leisure trips in the next 12 months.

Sixty percent of Gen Z travelers and 58 percent of millennials are planning more than one vacation in the next year. In contrast, just 41 percent of Gen X and 40 percent of baby boomers are following suit. Twenty-three percent are saving their rewards for a luxury trip or special occasion. About one in six travelers are accumulating their travel rewards for an international trip.

A quarter of travelers are only taking trips to locales that require COVID-19 testing and proof of vaccination.

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