{"id":18327,"date":"2023-06-05T09:05:53","date_gmt":"2023-06-05T13:05:53","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/these-are-the-places-american-travelers-are-headed-this-summer\/"},"modified":"2023-06-05T09:05:54","modified_gmt":"2023-06-05T13:05:54","slug":"these-are-the-places-american-travelers-are-headed-this-summer","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18327","title":{"rendered":"These are the places American travelers are headed this summer"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002134274\" role=\"document\">\n<p><em>This <\/em><em>article<\/em><em> is reprinted by permission from <\/em><em>NerdWallet<\/em><em>.\u00a0<\/em><\/p>\n<p>U.S. travelers are still hungry to travel, despite the potential of an economic slowdown.<\/p>\n<p>The number of U.S. passengers flying to international destinations in April increased 28% compared with the same month last year, according to the International Trade Administration.<\/p>\n<div class=\"paywall\">\n<p>\u201cDemand is strong this summer for international trips as it is the first full summer season with fully open international travel,\u201d Hayley Berg, lead economist at Hopper, a travel booking app, said in an email.<\/p>\n<p>Months after international borders opened, \u201crevenge travel\u201d seems to be alive and well. But where are U.S. travelers heading? And how have these geographical trends shifted over time?<\/p>\n<h2><strong>Travel trends among U.S. travelers<\/strong><\/h2>\n<p>More U.S. travelers flew to Europe in April 2023 than any other destination, according to International Trade Association data, though Mexico and the Caribbean were also popular.<\/p>\n<p>That trend is likely to continue, according to forward-looking booking data from Hopper.<\/p>\n<p>\u201cDemand for trips to Europe represents almost 40% of all international searches, up from 36% of searches for summer in May 2019,\u201d said Berg.<\/p>\n<p>Yet these travel patterns differ significantly compared with 2019, despite the end of border restrictions, suggesting that the pandemic may have shifted how \u2014 and where \u2014 U.S. passengers travel abroad.<\/p>\n<p>The number of U.S. passengers traveling to Europe in April 2023 compared with 2019 saw only a 13% increase \u2014 much less than areas like the Middle East, Africa and South America, which saw huge passenger volume spikes.<\/p>\n<p>Even though\u00a0airfare to Asia and Oceania (Australia, New Zealand and the South Pacific) are\u00a0high due to increased popularity, demand remains below 2019 levels.<\/p>\n<p><strong>Don\u2019t miss:<\/strong> Cash-back credit cards vs. travel-rewards cards: Which one gives you the most bang for your buck?<\/p>\n<h2><strong>Factors at play<\/strong><\/h2>\n<p>Some of these trends could be left over from travel habits formed in 2021 and 2022.<\/p>\n<p>Mexico, for example, saw a boom in U.S. travelers during the pandemic because of its relatively open borders. This trend has continued in 2023, with a 30% increase this April compared with the same month in 2019.<\/p>\n<p>But another factor could be in the mix here, beyond simple traveler preferences:\u00a0airline capacity\u00a0(and its downstream impacts on price).<\/p>\n<p>For example, while airline capacity to most regions has nearly reached 2019 levels, capacity for Asian destinations lagged at 83% in March, according to a report from IBA, an aviation consulting company.<\/p>\n<p><strong>Plus<\/strong>: Flight attendants brace for summer of passengers behaving badly: \u2018I\u2019m ready for it\u2019<\/p>\n<p>That means that while many U.S. travelers may wish to visit Asian countries, there may not be enough flights to meet this demand.<\/p>\n<p>This has another effect: Driving up prices. Price data from Hopper shows that while domestic airfare prices have actually dropped for summer 2023 compared with 2022, flights to Asia are much more expensive, averaging $1,817.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Travelers may not be willing to pay these exorbitant fares, which could explain why travel volume to Asia was still 20% off its 2019 level in April.<\/p>\n<p>If airlines can provide the missing capacity in the coming months, prices should come down and passenger numbers could rebound even more.<\/p>\n<p><strong>Check out:<\/strong> Are you in Bavaria or Washington? Four travel destinations that will make you feel like you\u2019re in Europe, without leaving North America.<\/p>\n<h2><strong>Budgets loom<\/strong><\/h2>\n<p>Another factor that could impact travel trends moving forward: dwindling budgets. While travel abroad isn\u2019t slowing down, consumers do seem to be getting\u00a0more price-conscious.<\/p>\n<p>\u201cThough travelers started the planning process later in 2022, they returned to the app to check the price of their trip 25% to 50% more than in previous years,\u201d said Berg, citing Hopper\u2019s data.<\/p>\n<p>Travelers seeking a bargain could stay closer to home, avoiding pricey long-distance flights. Or they could start paring back their travel generally. Yet the data doesn\u2019t suggest that U.S. consumers are backing off just yet.<\/p>\n<p>\u201cIf Americans have shown us anything in the last three years it\u2019s that their travel budgets are resilient,\u201d said Berg.<\/p>\n<p><strong>More From NerdWallet<\/strong><\/p>\n<p><em>Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com. Twitter: @samsambutdif.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/these-are-the-places-american-travelers-are-headed-this-summer-286bd56a?mod=personal-finance\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article is reprinted by permission from NerdWallet.\u00a0 U.S. travelers are still hungry to travel, despite the potential of an economic slowdown. The number of U.S. passengers flying to international destinations in April increased 28% compared with the same month last year, according to the International Trade Administration. \u201cDemand is strong this summer for international [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-18327","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>These are the places American travelers are headed this summer | iFintechWorld<\/title>\n<meta name=\"description\" content=\"This article is reprinted by permission from NerdWallet.\u00a0 U.S. travelers are still hungry to travel, despite the potential of an economic slowdown. 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