Summer is just around the corner — and consumers are getting ready to spend big on travel. Roughly half of United States consumers had made travel plans by early April, when PYMNTS Intelligence conducted its latest survey. Generation Z consumers are particularly keen on summer trips, with 58% indicating they will travel. Moreover, many summer travelers say they will spend nearly $200 more on average than last year.
Key Findings:
- More than one-third of consumers planning summer travel say they will travel more than last year
- Most consumers traveling this summer plan to spend more than they did last year and prefer to use credit cards
- Most consumers prefer to pay for their travel expenses with a single charge
- Rewards and cash-back programs drive the use of credit cards for travel expenses
