VacationRenter, a meta-search travel platform, has released new data showcasing the hottest travel trends and destinations for the 2023 holiday and extended winter season. Holiday travel will look different this year, but all signs point to a busy upcoming winter season, with 54% of Americans planning to travel more than last year.
“Holiday travel continues to be a priority for most Americans this season despite economic pressures. As we look ahead to 2024, I think it’s a strong indicator for the industry that people will continue spending their money on experiences, with travel remaining a top priority for the foreseeable future.”
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Here are key data points from the survey and VacationRenter’s data:
Economic Pressures Persist
- 70% are adjusting their plans due to higher prices or economic pressures
- 49% have reconsidered vacation plans due to a looming recession or potential layoffs
- 42% say they have taken on debt to travel
Hot Spots
The most booked destinations for American travelers in the U.S. this holiday season are:
Home (Or Not) For the Holidays
- While 86% will celebrate Thanksgiving with family, 36% say they will also celebrate Friendsgiving
- Though 56% of Americans will stay with parents or extended family, 31% of travelers plan to book a hotel for Thanksgiving
- According to VacationRenter’s data, Saturdays (December 23 and 30) are shaping up to be the busiest travel days of the season
- 52% of Americans plan to hop on a flight over the holidays
- 32% say they will travel to ring in the New Year
Beating Burnout
When asked to select the top reasons for traveling, Americans shared:
- 54% are booking trips to relax and rejuvenate
- 52% want to spend time with family
- 38% want to explore
- 36% plan to reduce stress
- 73% of millennials said they combine work and leisure travel
VacationRenter CEO Heath Hammett commented, "Holiday travel continues to be a priority for most Americans this season despite economic pressures. As we look ahead to 2024, I think it’s a strong indicator for the industry that people will continue spending their money on experiences, with travel remaining a top priority for the foreseeable future."
Methodology
A national online survey of 1,000 U.S. employed consumers ages 25+ was conducted by VacationRenter. Survey responses were nationally representative of the U.S. population for age, gender, region, and ethnicity.
