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Gas prices: 62% of Americans plan to vacation, most driving domestically: Survey

Ines Ferré
·Senior Business Reporter
·1-min read

More than 60% of Americans plan to take a vacation this summer, but most will do so domestically, according to a Yahoo/Maru Public Opinion Survey.

The study of 1,509 adults found that two-thirds, or 62% of respondents, plan to take a vacation between now and September 1, while 38% said they won’t.

A vast 84% of those planning to take a break will do so within the United States as opposed to 16% who said they would travel abroad.

Despite high gasoline prices, 65% or vacationers said they would drive to and from their destination.

Gas costs are at all-time high levels, reaching an average of $4.43 per gallon in the U.S. Inflation is soaring to multi-decade levels as consumers feel the pinch from higher energy and food costs. Rising prices are making their way into the services area.

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The cost to fly has also soared, with the latest Consumer Price Index (CPI) read showing a sharp rise in airfares.

Some of the most popular vacation experiences mentioned by survey respondents include:

  • Road trip (20%)

  • Vacation for kids and family (17%)

  • Immersed in culture (14%)

  • Outdoor living (14%)

Ines is a markets reporter covering equities. Follow her on Twitter at @ines_ferre

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