Do people travel more than they used to?

A resounding 87% of survey respondents expect to travel at least as much as they did in the prior year, with 49% selecting that they expect to travel more. This is especially true among younger respondents, with 59% of those between the ages of 18 to 26 planning to travel more in 2023.



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A resounding 87% of survey respondents expect to travel at least as much as they did in the prior year, with 49% selecting that they expect to travel more. This is especially true among younger respondents, with 59% of those between the ages of 18 to 26 planning to travel more in 2023.

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Leisure and business travel are now growing at the same rate, up 33% from the same month in 2019 by the end of March 2023, a 42% year-over-year-to-date change from 2022 to 2023.

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Here's the full breakdown of responses from the survey around top barriers to travel in 2023: Lack of money: 27%. Lack of time off from work or school: 26%. Family and other commitments: 13%.

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Rising prices and inflation have caused 77% of holiday travelers to modify their plans, according to Bankrate, and 27% of travelers are likely to take a car instead of a plane to their destination, specifically due to inflation.

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Average U.S. airfares are more than 5% lower in August 2023 than they were in August 2019, meaning prices aren't just lower than they were last year, but even lower than what they were pre-pandemic. August 2023 vs. July 2023 (MoM). Down 2.8%.

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Gen Zs — those born between 1997 and 2012 — are traveling more than Gen Xers and baby boomers, and are “on par with millennials, who are currently the focus of the industry,” said Roeschke. Survey conducted from December 2022 to February 2023.

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70% of Gen Z and millennial respondents agree that they have been inspired to visit a destination after seeing it featured in a TV show, news source, or movie. And 61%of Gen Z and millennials agree that a top motivation for traveling in 2023 is to visit a destination because it looks great in photos and videos.

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What age group travels the most? Millennials between 23-38 seem to be the age group that travels the most with an average of 35 vacation days a year.

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What motivates millennials to travel. “Millennials tend to be driven very much by experiences,” said Roeschke. Millennials, along with Gen Zs, are more likely to spend money on experiences than on consumer goods (46% vs. 37%), according to American Express Travel's 2023 Global Travel Trends Report.

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64% of travellers worldwide are female, while only 36% are male.

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While European tourists edged the industry toward recovery last year, the upswing this summer is led largely by Americans, boosted by a strong dollar and in some cases pandemic savings. Many arrive motivated by “revenge tourism” — so eager to explore again that they're undaunted by higher airfares and hotel costs.

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Over and over, the elders revealed that their greatest life regret was not travelling enough. Some thought it was too expensive, some put it off after having children, whilst others decided to wait until retirement, often by which time it was too late.

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The results reveal people who regularly take trips of at least 75 miles from their home are about seven percent happier than respondents who rarely travel.

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