American travel spending surpasses pre-pandemic levels, driven by international trips and lower airfare, Bank of America research shows.
American households are increasingly spending on travel, with international trips driving this growth, according to Bank of America research. Spending has surpassed pre-pandemic levels, aided by lower airfare. About 17% of Americans plan to travel abroad in the next six months, with Europe as the top destination and Asia experiencing the most growth. While domestic trips remain popular, high-end travel options are seeing increased demand among affluent travelers.
September 02, 2024
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