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Credit Card Applications » News » Travel » More Trips Are In the Cards for Americans

More Trips Are In the Cards for Americans

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More Trips Are In the Cards for Americans
February
3

Are you planning on traveling more this year? If so, you’re not alone. According to the American Express Spending & Saving Tracker, nearly half of Americans surveyed are planning on spending more money on vacations this year than last and 93 million have already booked their first one.

A little more than half are planning on heading out to explore the U.S. whether that means heading down south or taking a jaunt to Alaska.

Foreign travel on the rise

International travel is expected to have an upswing with 25% of respondents saying they will be visiting a foreign land, up 4% from last year.

Romantic getaways are also up from last year with 63% of people planning on making at least two trips with their partner. To keep the romance alive, almost half (46%) of those with children will be leaving them at home.

Road trips are an American tradition, and nearly half of participants said they plan to pack up the car and hit the road. Just about a third said they will be taking to the sky’s, and if they belong to a frequent flyer or travel rewards program, more than half (52%) will be cashing them in for travel.

Looking good, but saving more

While travel is on to-do lists, so is looking and feeling better. Dieting and exercise is part of this trend with over half (53%) of respondents planning on exercising more and eating healthier. Almost a third will also be spending more on dressing up, whether buying shoes, clothing or jewelry.

Finances are also important with 85% setting financial goals and planning on paying their debt down and increase their savings.

They will also be giving their homes and cars a makeover. A third have plans to remodel their homes this year, while just 8% are looking to buy homes.  Almost half (45%) of new homebuyers expect to pay more, averaging $179,140.

Americans love their cars, and a quarter of respondents will be buying a new or used car in 2014, planning on spending an average of $18,946, which is down 7% from last year.

The American Express Spending & Saving Tracker consists of responses from 1,502 adults surveyed January 2 – 5, 2014.

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