Travelers are eager to hit the road this holiday season. After two challenging years of travel bans,
restrictions, and lockdowns, more people are making big travel plans despite financial concerns, according to a new report by PricewaterhouseCoopers (PwC).
The company just released its annual Holiday Outlook 2022 report, showing a significant bump from the roughly one-third of people traveling for the holidays in 2019.
Domestic [travel] continues to be strong. We are seeing a shift back to the big cities and the big vacation spots like Las Vegas and Orlando.
Despite the significant number of people traveling over the holidays, many individuals are still concerned about the high prices of travel.
Another major concern is the record flight cancelations, which are expected to continue into the holiday season, especially with weather disruptions more likely to occur during the colder months.
The report also looked at who the big spenders will be this holiday season. The results show that millennials are most likely to take a trip — and spend the most on it.
Those between the ages of 26 and 40 plan to allocate an average of $623 for travel, compared to the $523 Gen Xers (ages 41 to 55) will spend.
And finally, online booking sites remain the most popular way to book a trip, with 45% of travelers planning to use them this holiday season.