Americans are more confident in the economy with Donald Trump headed to the White House again, and that could mean more travel spending.
According to the latest Longwoods International tracking study of American travellers, 21% of them report they will travel more in the U.S. in the coming year, and 7% will travel more internationally, because of the results of the 2024 presidential election. In contrast, only 8% said they will travel less domestically, and 3% will travel less internationally during the next 12 months.
“The boost in the intent to travel may well be a result of optimism about the U.S. economy as a result of the 2024 presidential election,” said Amir Eylon, President and CEO of Longwoods International. “In fact, 43% of travellers believe they will be better off the next four years, versus 21% who think they will be worse off.”
Despite traveller bullishness about the U.S. economy, concern among travellers about inflation has been creeping up during 2024, with 31% saying inflation will greatly impact their travel decisions in the next six months, up from 26% in January. Among travellers who are planning trips during the holiday season, 57% are planning to travel by car, and 28% plan to fly to their destinations.
The survey, supported by Miles Partnership, was fielded 07NOV, 2024.
