Overview

• Americans plan to spend an average of $3,132 on summer vacations this year, down from $4,199 last summer, according to an Ipsos–Generali Global Assistance survey.
• A national SSRS poll finds 56 percent of Americans intend to travel less this summer, boosting demand for day trips and staycations.
• Renewed U.S. tariff proposals on goods from Brazil, Japan and Canada at rates up to 50 percent have intensified inflation concerns and dented consumer confidence.
• Labor Department data shows vacation leave in June dropped to its lowest level since the pandemic, while CoStar reports a 1.7 percent fall in hotel occupancy for the fourth consecutive month.
• Major carriers including Southwest, American, JetBlue and Delta warn that softer domestic bookings could weigh on profits after Delta reported a 4 percent decline in main cabin reservations year-to-date.