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(Photo by Tima Miroshnichenko via Pexels)

Americans are scaling back travel spending this year, with 58% planning to spend less than they did last year, according to new research.

The online survey of 2,000 Americans, conducted by Talker Research on behalf of CheapCaribbean Vacations, found that rising costs are reshaping travel habits, with budgets down an average of 23% compared to last year. Three in four (75%) say their travel budget doesn’t stretch as far due to higher prices.

Travel Outlook5

(Talker Research)

Originally published on talker.news, part of the BLOX Digital Content Exchange.

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