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Financial Instability Complicates Summer Travel Plans

After a long and difficult year, there’s nothing like a long-awaited vacation. You dream, search for travel destinations and start planning the place you always wanted to visit. Then there’s the question of money, which makes you wonder if there’s any point in continuing.

If you’re having trouble, you’re not alone. According to a March 2023 TripIt study, 79% of respondents say inflation has affected their travel plans, 26% say higher prices have forced them to spend more than usual on travel, and 18% say they as a result, have planned fewer or different types of trips. Travel.

Whether prices beat your original projections or your personal financial situation isn’t as good as you thought, you might not have to give up travel entirely.

change destination
Now that the COVID-19 pandemic has subsided at home and abroad, the world is open to travel. The 2023 AARP survey shows that 81 percent of adults over 50 planning a trip in 2023 think hiking is safe now, despite inflation and high costs affecting their vacation decisions.

Regardless of your age, you can get the most out of your travel plans by thinking about something other than your main travel destination. If it’s too expensive, move on to the next one on the list if it’s a better deal.That’s what Brian David Crane, founder of Spread Great Ideas in Sioux Falls, South Dakota, is doing.

“I had summer travel plans for Amsterdam with my in-laws and friends but it has been tough to find suitable travel deals even though we were flexible with dates and airports,” Crane says. “Clearly, it is becoming costly. So, we are considering vacationing in Southeast Asia as a cheaper alternative. Inflation is affecting everything.Onboard services are also becoming increasingly expensive.

The professionals in the sector are also changing, such as Laura Gambardella, who works in the PR department of the Radisson Hotel Group in Milan.

“I’m changing my summer plans because of the high cost of airfare,” she says. “I had to go to Scandinavia, but the costs are too high. So I’ll be touring around Northern Europe and the UK but on a budget.

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