What is the travel projection for 2023?

Indeed, the World Travel & Tourism Council (WTTC) forecasts that the global travel and tourism sector will reach US$9.5 trillion in 2023 — just 5% below 2019 pre-pandemic levels. The positive summer travel outlook is echoed by data from J.P. Morgan Research.



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The Farmers' Almanac forecasts a warmer-than-normal summer for most of the nation, or as the Almanac likes to call it – a “Summer Sizzler.” This is not great news, especially since last summer was ranked as the third-hottest summer in the last 128 years.

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49% of Americans Plan To Travel More in 2023 This is especially true among younger respondents, with 59% of those between the ages of 18 to 26 planning to travel more in 2023. This is impressive considering 45% of respondents traveled once or twice in 2022, with 42% traveling three or more times in 2022.

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Domestic airline prices are on the decline in 2023, finally retreating after spiking just a year ago. International fares are still high. After soaring in 2022, prices for domestic airline tickets are on the descent.

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The cost of lodging away from home was 5% more in June 2023 versus June 2022, and up 15% since 2019. The cost of entertainment and dining out are also slowly increasing. According to NerdWallet's Travel Price Index, the overall cost of travel is up 14% compared with June 2019 and down 3% versus the same month in 2022.

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Time your booking right
“For domestic flights, if you're talking peak season, it's about three to seven months in advance,” he says. “For international flights — [it's] four to 10 months.”

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How to Maximize Your Vacation Days
  1. The Presidents' Day Weekend: Book 1 Day Off for a 4-Day Vacation.
  2. The Easter Escape: Book 4 Days Off for a 9-Day Vacation.
  3. The Memorial Day Getaway: Book 4 Days Off for a 9-Days Vacation.
  4. The Big Summer Trip: Book 9 Days Off for a 16-Day Vacation.


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The cheapest months to travel are:
  • November – early December.
  • Late January – March.


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Instead, try traveling during the shoulder season. It's often much cheaper to travel from May to early June and September through mid-October. The weather is still relatively warm during the shoulder season, and you'll beat the crazy summer crowds. This is when we find the best international flight deals!

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On average, Sunday is the best day for savvy savers to book a flight, according to the experts, with seat prices usually at their lowest of the week. Conversely, plane tickets cost the most on Fridays, as interest in travel usually soars close to the weekend.

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The general rule is that for domestic flights, travelers should start searching for flight tickets one to three months in advance. For international flights, the best prices are typically available from two to eight months in advance. Prices can also vary widely among airlines.

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Is there a cheapest month to fly? If you're looking for a bargain month to travel, February is your best bet. Flights in January closely follow February for being most affordable. At the other end of the spectrum, December and July are the first and second most expensive months to travel, on average.

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Factors such as fuel costs, staffing shortages, aging IT infrastructure and hidden fees all contribute to expensive flights in 2023.

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Average domestic airfare price by day
  • Tuesdays and Wednesdays are the cheapest days to fly domestically.
  • Saturday and Monday flights can help you avoid the Sunday rush.
  • Wednesdays and Thursdays are the cheapest day to fly internationally.
  • Book one to three months in advance.
  • Set a price alert.


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Hotel rates in the U.S. rose 1.8% in May 2023 from the previous month, according to the U.S. Bureau of Labor Statistics. Rates this May were also 3% higher from the same month last year. Travelers have seen hotel rates surge in part because the cost of operating hotels has risen.

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2023 average vacation cost: Breakdown of travel, food and more. How much does the average vacation cost? The average vacation for one person in the U.S. costs about $1,919 per week. A vacation for two people will typically cost around $3,838 per week.

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1. Florida. The Sunshine State took home the gold in 2021 and 2022, so it's no surprise that Florida tops our readers' 2023 travel lists as well. With sun, sand, and destinations like Orlando, Miami, Key West, Tampa, and Fort Lauderdale, who can resist?

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10 Cheapest Countries To Visit in 2023Backpacking Trips To Make for Beginners
  • Vietnam.
  • Colombia.
  • Peru.
  • Albania.
  • Sri Lanka.
  • Turkey.
  • Georgia.
  • Nepal.


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Generally, Tuesday, Wednesday and Saturday are the cheapest days to fly, while Fridays and Sundays are pricier, according to travel deal site FareCompare. Leisure travelers tend to fly on the weekends, either starting their vacations on Friday or taking a long weekend Friday to Sunday.

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