Americans may be sick and tired of dealing with high prices across pretty much every aspect of their lives, but inflation hasn't yet squashed the travel bug.
According to the Automobile Club of Southern California, a record 3.5 million people are expected to travel during the holiday weekend, which is a 4.7% increase from 2023.US airports on Thursday saw their second-ever busiest day, as nearly 2.9 million travelers were screened at Transportation Security Administration checkpoints.Traffic on the ground won't be any less packed: AAA is projecting that a record 38.4 million people will take road trips over the long weekend.
"People see prices, and they feel like they're not keeping up," Faucher said. "But the truth is, they are. We see that very clearly in the consumer spending numbers."has increased for 12 consecutive months, Commerce Department data shows. And those pandemic effects still run deep: Americans are putting their cash, and their credit, toward experiences.
The jump in cruise spending may be due to "persistent price increases in the hotel industry," the Mastercard report said. That's made cruises "a relatively more budget-friendly option in many cases."raised its full-year earnings guidance in first-quarter results reported on May 1. The company saw its global revenue per available room climb 4.2% from the year before.
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