U.S. is not in a recession but most Americans think it is, polling shows

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[Sailingdiver]

1. Americans Expect to Spend a Record-Breaking $221 Billion on Summer Vacations This Year

RICHMOND, Va., May 20, 2024 /PRNewswire/ -- Americans continue to signal that travel is splurge-worthy and are again setting new records for vacation spending in 2024. For a second consecutive year, Allianz Partners USA's annual Vacation Confidence Index* found that Americans' total spend on summer vacations is expected to remain north of the $200 billion mark, this year exceeding $221.6 billion. According to the travel insurance and assistance provider, Americans have more than doubled their projected summer vacation spending since the inception of the pandemic. The 2024 figure represents an approximately 3.5% increase over last year, but a whopping 118% jump compared to 2019.

https://www.prnewswire.com/news-releases/americans-expect-to-spend-a-record-breaking-221-billion-on-summer-vacations-this-year-302149079.html#:~:text=In%202024%2C%20the%20average%20American,tracking%20vacation%20habits%20in%202009.