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.
These links cite out-of-date numbers. The latest numbers are significantly higher.
Roughly 40% of households are currently over $100K, which is not that different than the 45% of travelers who are over $100K.
This person needs to check their math…
Yeah, I laughed at how badly that last one messed up their math.