Prices for travel remain stubbornly high. The cost of airfare in February was 27 percent higher than the same month a year earlier, according to U.S. Bureau of Labor Statistics data. And rental car prices—having shot up during the pandemic—remain high today, as they’re 37 percent pricier in February than they were in the same month in 2019.
Yet costlier travel is not deterring younger Americans who are eager to hit the road (and the skies) this year. A whopping 87 percent of 18-to-29-year-olds and 90 percent of 30-to-44-year-olds intend to travel this summer, according to a March survey by The Vacationer. If the economy is slowing, younger travelers aren’t heeding the memo.
