Summary

Wealthier households, earning over $100,000, are dominating holiday travel this year, making up 45% of travelers and over half of paid lodging customers, according to Deloitte.

Rising costs, including airfare and luxury accommodations, have priced out lower-income households, whose travel participation has declined.

Affluent travelers are driving demand for premium experiences, with high-end destinations seeing significant price increases. Meanwhile, budget-conscious travelers are cutting costs by staying with family or using credit to fund trips.

Inflation continues to strain travel budgets across income levels, with 29% of travelers expecting to take on debt.

  • @deur@feddit.nl
    link
    fedilink
    922 hours ago

    So… that leads me to think 45% of travelers having incomes over 100k this thanksgiving means they’re underrepresented and thus are not dominating travel in the slightest?

    • @dogslayeggs@lemmy.world
      link
      fedilink
      1
      edit-2
      20 hours ago

      Assuming the 59% number is correct, then you’re right.

      EDIT: The number is not correct. It is closer to 33%.

    • @De_Narm@lemmy.world
      link
      fedilink
      -1
      edit-2
      22 hours ago

      I don’t know shit about taxes in the US, but a solid guess would be that 45% is actually proportional to the amount of households making 6 figures post-taxes.

      • @Telodzrum@lemmy.world
        link
        fedilink
        821 hours ago

        We don’t generally measure post-tax (or “take-home”) income in economics discussions. Gross income is the preferred measure because it allows for a more like:like comparison.