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Many Americans plan to slash travel, entertainment spending in 2025: Survey

  • According to a recent Bankrate survey, less than half of Americans intend to take a trip this summer, with expenses and economic worries being major factors.
  • This cautious outlook comes after a post-pandemic surge in travel but indicates that growth is slowing due to concerns related to trade policies, financial markets, and the overall economic situation.
  • Senior analyst Ted Rossman noted that 1 in 4 Americans do not plan summer vacations while another quarter remain undecided about travel plans.
  • Rossman advised travelers to adapt to deals and suggested strategies like booking early, traveling off-season, and using travel rewards to save money.
  • The survey also revealed about 10% of Americans intend to choose staycations, indicating a partial shift toward reducing travel and entertainment expenses in 2025.
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KCRG broke the news in Cedar Rapids, United States on Monday, May 19, 2025.
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