'Expensive in every way': What travelers should expect this summer (2024)

Summer travel in 2024 will be "expensive in every way," said Katharine Nohr. And she should know.

She's planning a two-week adventure to Europe in June, which starts with a marathon flight from Honolulu to Zurich, where she'll speak at a conference. Then she's hopscotching across Europe – to Vienna, then on to the Olympics. Nohr made plans to be in Nantes, France, to watch a soccer game, in Lille for basketball, and in Paris for gymnastics, boxing and swimming.

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All told, it'll set her back five figures despite her best efforts, which include flying economy class and staying in the lowest-priced hotels.

"The trip is pricey, even with my efforts to economize," said Nohr, an attorney from Honolulu. "But it's a once-in-my-life adventure."

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Summer travelers are pursuing exciting, expensive vacations

Nohr is part of a wave of travelers who are making big plans for this summer. The itineraries are exciting – and expensive.

Pretty much every barometer of travel intent is up for the summer travel season. Inflation and unemployment are low, and consumer sentiment and curiosity are high, fueling an unprecedented interest in travel.

"Bookings are rising," said Susan Sherren, who runs Couture Trips, a travel agency. "Unfortunately, hotel, tour and air prices are not falling. So if you plan on hitting the road this summer, make sure you are willing to splash some cash."

Travel companies say they're overwhelmed with summer reservations.

"The travel economy is booming," said Joe Ialacci, owner of Yacht Hampton Boating Club, a company that rents yachts in Sag Harbor, New York. He's seeing a 40% increase in rentals this summer compared with last year as Americans shift some of their vacation dollars to domestic destinations.

Prices aren't the only thing trending higher. People's expectations for their summer vacation are also higher than at any time since the pandemic, said Sangeeta Sadarangani, CEO of Crossing, a multinational travel agency headquartered in London.

"They're embracing the unknown," she said.

And one of the great unknowns is travel prices. How much higher will they be?

'Expensive in every way': What travelers should expect this summer (1)

What will prices be like this summer?

It depends on where you're going. There's good news if you're traveling within the U.S.: Flights and hotels are a little less expensive than last summer. But they're rising elsewhere. Here's the breakdown:

  • Airfares are mixed. Domestic round-trip airfares for summer will peak at $315 a ticket, according to the travel platform Hopper. Flights to Europe are cheaper, too. They've fallen 10% from last year to $882. But flights to South America are up 2% and flights to Canada have risen 7%. You'll pay an average of $708 to fly south of the border and $419 to head north.
  • U.S. hotel rates are down. Domestically, they're about the same as last year at an average of $206 a night.
  • Car rental prices are rising. Average domestic car rental rates are up only 3% this summer to $42 a day on a four-day rental, according to Hopper.

But you can avoid the high prices with a little strategic planning, experts say.

What to avoid this summer

American travelers are becoming more predictable in their summer vacation choices, said John Lovell, president of Travel Leaders Group. Immediately after the pandemic, they embarked on "revenge" vacations to far-flung locations. Now they're returning to more conventional vacations.

"We continue to see U.S. travelers heading back to the more traditional locations across Europe this year, like London, Rome, Athens and Munich," he said.

There are places that will be exceptionally busy – and exceptionally pricey – this summer.

  • Paris during the Olympics. The Olympic Games are in Paris this summer. Rooms are more than double the normal rates, which is typical of the Olympics. Paris is already crowded with tourists during the summer, so you can probably imagine what it will be like with the Olympics. Zut, alors!
  • Taylor Swift is touring Europe this summer. Prices will be higher and the crowds will be denser. "If you aren't planning to attend one of her concerts, I recommend planning around those European cities when she's there," said Betsy Ball, co-founder of Euro Travel Coach. (Want to know if your schedules overlap? Here's Taylor Swift's concert schedule.)
  • Other big summer events. Even if you steer clear of Taylor and the Olympics, you're still not out of the woods. There's the UEFA Euro 2024 football tournament in Germany in June. There's the Tour de France in July, which begins in Florence and finishes in Nice. France is also hosting the Paralympic Games in August and September in Paris, Nice, Marseille and Bordeaux.

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When is the best time to book a 2024 summer vacation?

Because this is going to be a busy season, the sooner you book, the better. Hopper recommends buying your plane tickets two to three months before your departure for domestic flights, and for international – well, it's probably too late to get that rock-bottom fare. If you're reading this in April, you can still find something for late August or early September, according to its airfare experts.

As always, you can save money by booking a flight for midweek instead of on the weekend – and, of course, by keeping far, far away from the big travel holidays like Memorial Day, the Fourth of July and Labor Day.

Also, if you're going overseas, remember the holiday calendar is different there. For example, half of Europe shuts down in August for summer vacation. It's worth a look-up, otherwise, you could face some real disappointments.

Strategies for traveling better during the summer

One tactic that consistently works is splitting your getaway into two sections. Take that required summer vacation with your family somewhere less expensive during the high season. Then, wait until shoulder season for the big trip.

That's what Ross Copas, a retired electrician from Tweed, Canada, is doing during the summer of 2024. It's a road trip across the northern U.S. by motorcycle – New York to Washington state, and then back east through Canada.

Then he's heading to Amsterdam in September for a 23-day European river cruise. He said the late-summer getaway will be costly, but he doubts fares will fall anytime soon. "So price be damned," he said.

Actually, that's pretty smart. I took the same cruise on Viking River Cruises many years ago, and it was worth every penny.

With hotel rates rising in some places this summer, this is the right time to consider alternatives. Monica Fish, a writer from Glen Rock, New Jersey, is headed to Ireland to catch one of Taylor Swift's performances. She said hotel rooms in Dublin are overpriced, if they're even available. But Fish found an affordable vacation rental.

"We just had to book it farther in advance than we normally would," she said.

Go ahead, follow the crowds this summer

I think it's fine to follow the crowds this summer. I'll be doing it. I'm planning to rent an apartment for a month in Switzerland with Blueground, a long-term apartment rental company. Then I'm crashing on a friend's sofa in Spain, then heading to Sweden to see other friends and visiting my brother in Finland. Yes, travel writers know people everywhere.

But don't follow the crowds off a cliff. There are places even I won't go. I might take the four-hour train trip from Zurich to Paris in June to check out my favorite patisseries, but I wouldn't go anywhere near the City of Lights during the Summer Games in July unless I made a reservation a long time ago.

And Taylor Swift? Puh-leeze. I'm more of a jazz guy.

Christopher Elliottis an author, consumer advocate, and journalist. He foundedElliott Advocacy, a nonprofit organization that helps solve consumer problems. He publishesElliott Confidential, a travel newsletter, and theElliott Report, a news site about customer service. If you need help with a consumer problem, you canreach him hereor email him atchris@elliott.org.

'Expensive in every way': What travelers should expect this summer (2024)

FAQs

What makes traveling so expensive? ›

Travel prices have increased for many of the same reasons that have affected other industries: inflation, rising labor costs, supply chain issues and debt service rates. But travelers' unflinching willingness to pay the new rates means the “old” prices for a five-star holiday may be a thing of the past.

How many people are expected to travel this summer? ›

Even among respondents making less than $75,000 a year, more than 60% said they're planning to travel this summer. That figure is north of 80% for respondents making more than $150,000 a year.

Is summer travel up or down? ›

Six in 10 Americans surveyed plan to travel this summer and 48% plan to stay in paid lodging (down from 50% in 2023). Americans plan to travel like it's 2022: They plan to take 2.3 trips this summer, down from 3.1 trips in 2023 but on par with 2022.

Why do people travel during summer? ›

The nice warmth of the summer months allows just about any vacation activities without weather-based interruptions. You can plan just about anything without fear of extreme cold or snow getting in the way. Easier Packing – Partly thanks to the weather, the summer allows for simpler packing.

Why is travel so expensive this year? ›

“Not only the airlines but also airport service providers made massive layoffs during the pandemic and have not been able to go back to the previous capacity yet.” If labor is more expensive and not at full capacity, you could have fewer flights and higher costs.

What is the most expensive part of travel? ›

Since most international trips from the U.S. - except a portion to Canada and Mexico - require a plane ticket, transportation costs eat up an even larger proportion of the budget, about 54%. Transportation is about 39% of the overall cost of domestic vacation trips.

How are Americans paying for travel? ›

45% of those surveyed finance their travel with extra money earned from side jobs, while 34% use their tax refunds or bonuses, and 32% use travel rewards and loyalty programs. Nearly 1 in 10 Americans (9%) have taken on debt to finance travel, averaging $2,849.

Are people traveling more in 2024? ›

Our recent survey on American travel trends found many are prioritizing travel in 2024 while keeping a close eye on budgets. Many Americans are prioritizing travel in 2024, with 50% planning to travel more in the new year than they did in 2023.

How many Americans go on summer vacation? ›

According to the survey, nearly 82% of Americans plan to travel this summer, which could be more than 212 million adults throughout the season. This number is down from summer 2023, with 3% fewer people intending to travel at least once this summer.

What is the cheapest summer month to travel? ›

Expedia reports that this is the busiest and most expensive time of summer for travel. The cheapest month to travel during summer is August. This is true whether you plan on traveling to Asia and Oceania, Europe, within the US, or to Mexico and the Caribbean.

How long is in summer vacation? ›

The summer holiday can range from six weeks to three months. Schools tend to end around late May or early June and start up again as late as mid September. Meanwhile, other colleges use a quarter or trimester system which might result in shorter but more frequent breaks throughout the year.

Why are people not traveling this summer? ›

The top reason U.S. adults aren't vacationing this summer is affordability. Sixty-five percent of people not planning summer vacations said that they can't afford it. Unsurprisingly, higher earners are more likely to plan a summer vacation.

Why is summer vacation fun? ›

Explore the outdoors: Summer is a great time to get outdoors and explore nature. Take your child on hikes, camping trips, or beach outings. Learn a new skill: Summer vacation can be a great time to learn a new skill, such as cooking, coding, or playing a musical instrument.

Is summer travel more expensive? ›

Typically, fares are cheapest for travel during the first two weeks of June and the last two weeks of August, according to Going.com.

How do we enjoy summer season? ›

  • The warm weather. Waking up to the sunlight glistening through the trees or streaming in the window instantly energises you for the day ahead.
  • Picnics. ...
  • Blue skies. ...
  • Trips to the beach. ...
  • Swimming in the sea. ...
  • Barbecues! ...
  • Ice cream. ...
  • Time off school for the kids.

How much money do you realistically need to travel? ›

In general, you should expect it to cost between $25,000 to $35,000 per person to travel around the world for a year. This rough estimate comes from reading travel budgets of other bloggers, various travel planning resources, and our own experience. This is just the midrange.

Is it really that expensive to travel? ›

Average Vacation Costs in 2023

Once at your destination, the daily average cost for travel in most major U.S. cities was $354.55 including a hotel, car rental and meals. In 2023, prices are even higher due to continuing travel demand and inflation.

Will travel become cheaper in the future? ›

The travel arrangements company BCD Travel expects global fares to drop next year, but just slightly — less than 1% compared to 2023 — with a more pronounced drop in airfares to and from Asia (3% for business class, nearly 4% for economy), according to its “Travel Market Report 2024 Outlook.”

Why is America so expensive for tourists? ›

Attraction admission prices, expensive hotels and a higher cost of living still combine to make a trip to the States a pricey proposition. As the third most expensive city to live in the world according to Forbes (after joint winners Singapore and Zurich), New York makes for a particularly eye-watering break.

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