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2 clusters · 8 sources · 8 days · First seen · Last updated
Global leisure travel spending decline
Overview
Rising costs and financial pressures are impacting consumer behavior in the travel sector across different regions.
In the United Kingdom, research indicates that 72% of adults are seeking ways to reduce holiday expenses. Common strategies include choosing self-catering options, using public transport, and switching to cheaper airlines. Some travelers are also opting for the cheapest possible insurance or traveling without cover to mitigate costs.
In the United States, nearly half of adults did not take a leisure trip during the summer of 2026. Approximately 53% of respondents cited budget as a deciding factor in their travel decisions. Additionally, rising airfares, which increased by 23.4% year over year according to Bureau of Labor Statistics data, have led many to plan for fewer flights and hotel stays during the holiday season.
Entities
NerdWallet · AllClear Travel Insurance · Bureau of Labor Statistics · United States · YouGov
Timeline
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[BUSINESS] 4 sourcesUS leisure travel declines as rising costs impact consumers
Rising costs and airfare increases led 47 percent of US adults to skip summer leisure travel in 2026, with many more planning to forgo holiday travel due to budget constraints.
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[BUSINESS] 4 sourcesUK travelers reduce holiday spending due to cost-of-living pressures
New research shows 72% of UK adults are cutting holiday costs, with many opting for cheaper travel insurance or traveling uninsured to combat cost-of-living pressures.
Sources
gcn.com · insurance-edge.net · islands.com · lancashiretimes.co.uk · newsday.com · techregister.co.uk · traveltalkmag.com.au · verramobility.com