Top Reason Americans Skip Summer Vacations and Solutions for You

More than a third of Americans won’t take a summer vacation this year, with most citing financial constraints as the primary reason.

According to a recent survey from Bankrate, shared with iBestTravel, 58 percent of American adults who aren’t traveling attribute their decision to financial concerns. This marks a notable increase from the previous year when only 48 percent cited the same reason.

Moreover, among those planning to travel, a significant 80 percent are making adjustments to their itineraries to maintain a budget-friendly approach.

“High inflation and tight budgets make this a perfect time to take advantage of credit card rewards, frequent flyer miles, and hotel points,” stated Ted Rossman, a Bankrate senior industry analyst. “These represent real value, and too few travelers are planning to redeem them this summer. Your rewards won’t get more valuable over time – use them before you lose them.”

Travelers intending to step away from their daily routine are taking steps to save money. According to the survey results, 29 percent of these travelers plan on opting for less expensive accommodations, while 28 percent are selecting more affordable activities. Furthermore, 26 percent are planning shorter trips, and another 26 percent are favoring driving over flying.

Additionally, some individuals are choosing to stay closer to home, with 23 percent of those surveyed opting for a staycation.

It’s important to note that finances are not the only factors influencing Americans’ decisions to skip summer trips this year. The survey revealed that 11 percent of respondents indicated they are unable to take time off work. The United States does not mandate minimum annual leave for employees at the federal level, although Americans typically receive about 10 days off per year, as well as public holidays.

“Too many Americans leave unused vacation time on the table each year,” Rossman noted. “Consider taking some time off to recharge, whether that means exploring your local area or simply relaxing at home. You don’t need to break the bank to enjoy your time and escape the daily grind.”