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From household road trips to trip woes: Americans are navigating skyrocketing holiday costs


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From household road trips to trip woes: Americans are navigating skyrocketing holiday costs

People are shelling out more to trip the holiday road this period.

About a third of Americans are planning to trip more this winter than in 2023, according to an October survey by rental fleet management corporation Zubie. And compared to last year, those travelers are shelling out more for their getaways.

A update from trip insurance marketplace Squaremouth found that travelers are spending over 50% more for trips between Thanksgiving and the complete of the year. This year, the average trip expense for Americans was about $5,861, an boost of 25% compared to 2023.

While Americans aren’t avoiding trip as they look to limit spending, some are changing what sort of trips they schedule. More Americans are taking multigenerational household trips or throng trips, while others are choosing “bucket list” destinations, opting to receive bigger and longer trips over fewer, smaller ones.

trip disruptions, such as severe weather, flight delays or cancellations, lost luggage or rental car issues, also contribute to the rising spending costs. While more purchased trip insurance for their trips earlier on average than last year, trip insurance claims also rose by 18% in 2024. Canceled trips accounted for most of the claims, with medical emergencies and delays being the other two ordinary reasons.

Enjoy your worry-free vacation: Best trip insurance policies

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