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2021 Summer Travel Trend for Americans
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Americans Are Expected to Spend Even More on Summer Vacations Than They Did in 2019, According to a New Study
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Summer travel spending will be record-breaking this year: Travel Weekly
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Published 2 hours ago •
Updated 2 hours ago
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Over 126 million Americans and counting have been fully vaccinated, and the CDC says fully vaccinated people can travel in the US at low risk. So with summer around the corner, many Americans are exercising their pent-up vacation demands.
AAA is projecting that travel during Memorial Day weekend the official kick-off to the summer season will soar 60% over 2020. And according to TripIt, 97% of their users plan to take a vacation in 2021, with over half planning to fly domestically by June.
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10 Best Summer Stocks to Buy Now
The COVID-19 pandemic caused the cancellation of summer vacation plans in 2020. Travel destinations worldwide had 1 billion fewer international visitors in 2020, which caused a direct impact on the booking, entertainment, airlines, cruises, and hotel stocks. The tourism and entertainment companies, including digital travel firm Expedia Group, Inc. (NASDAQ: EXPE), airline company Delta Air Lines, Inc. (NYSE: DAL), and Disneyland owner The Walt Disney Company (NYSE: DIS), experienced difficult times in 2020 and lost billions in revenues due to the coronavirus outbreak.
However, the mass rollouts of COVID-19 vaccines worldwide has investors hopeful for a strong recovery. According to a poll conducted by travel insurance company Allianz Partners USA, 67% of participants believe that getting the COVID-19 vaccine will make them feel comfortable enough to travel again this year. The widespread roll-out of vaccines also boosted the demand for international