Americans are budgeting more for vacations and prioritizing ‘narcations’ due to inflation, new survey finds

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Outdoorsy’s Vacation on a Budget survey reveals:

  • 58% of Americans have saved and set aside more money to keep their vacation hopes afloat

  • 72% are dipping into their vacation savings to make ends meet elsewhere, and 56% of Americans don’t think they can afford a vacation this year because of inflation

  • 58% plan to vacation closer to home this summer to fight inflation and rising gas prices

AUSTIN, TX, May 23, 2022 /PRNewswire/ — As Americans search for affordable travel alternatives this summer in the wake of inflation, new research shows that “proximities” and vehicle rentals could be the way forward, especially for those who are cutting vacation plans to stay closer to home and budgeting vacations in the wake of inflation and rising costs.

Reaffirming the busy travel season ahead of us, nearly 70% of respondents to Outdoorsy’s Vacation on a Budget survey, conducted by OnePoll, said they still plan to hit the road this year despite possible budget issues.

58% of respondents said they plan to vacation closer to home this summer to beat inflation and rising gas prices

The new research stems from Outside‘s Vacation on a Budget study, conducted by OnePoll to get a real-time perspective on travel behaviors ahead of this summer. The investigation revealed that 52% of travelers noted that they turn to rental vehicles while on vacation to save money, with 9 out of 10 preferring to rent something they can easily sleep or stay in, rather than booking a hotel. And 49% prefer to rent something as luxurious or economical as what they have at home.

“While other types of vacations have seen a dramatic increase in costs over the past year due to inflation, the average price of our RV rental trip has only gone up. $5 compared to last year, which represents an increase of 0.28%,” said Jeff Cavins, co-founder and CEO of Outdoorsy, the global leader in RV rentals and outdoor travel. “Compare that to a 40% year-over-year increase in hotel prices, and you’ll see why we believe road trips are better protected from inflation and also remain a very affordable vacation option for those looking to keep their summer vacation plans intact.”

Almost six out of 10 survey respondents (58%) said they plan to vacation closer to home this summer to combat inflation and rising gas prices. For those who may have had to dip into their vacation budget to make ends meet elsewhere (72%), a ‘nearby’ is the perfect option for a vacation that offers the feeling of a getaway without a strain on your wallet. .

Outdoorsy’s Vacation on a Budget survey also revealed that:

  • More than half of 2,000 adults surveyed (56%) don’t think they can afford a vacation this year because of inflation. But that’s not enough to stop them from trying, because 58% saved and set aside more money to keep their vacation hopes afloat.

  • Reaffirming the busy travel season ahead, almost 70% said they still plan to hit the road this year despite possible budget issues.

  • Half of the participants surveyed have a budget set up specifically for summer holidays, average $1,237. four out of five of those who have summer travel budgets in place said their plans have been affected by inflation.

  • 1 of 3 said they would rather cut vacation plans to fit a smaller budget than not take a vacation at all. And 56% said they managed to plan a vacation on a lower than normal budget.

  • To save money, vacationers plan to spend less on attractions (40%), accommodation (40%) and clothing (39%).

  • Some parts of the vacation, however, cannot be given up. Respondents said go out to a restaurant (30%), visit free attractions (28%) and travel by vehicle (28%) are “essential to have on any budget”.

  • There is a lot to look forward to this holiday season and respondents say they are very excited to travel this year as it will allow them to spend time with their family (57%), see new places (55%), create memories (55%) and take time for yourself (52%).

“Inflation is a pervasive variable in the travel consumer industry. Travel trends are generally reflected in people’s spending habits,” Cavins said. “That said, the effect of inflation on RV travel will be minimal. For families, going outdoors not only provides a more affordable alternative to other modes of travel, but time spent in nature can also be a more fun and educational experience Nearby local state parks are some of our country’s best hidden gems that offer endless opportunities for adventure and wonder.”

As Americans approach a “full summer,” Outdoorsy is the most trusted source for booking a dream getaway – whether it’s across the country or to a hidden gem closer to home – without having to consider overpriced hotel rooms and frequent flight cancellations. With more than 25,000 RVs available in 4,800 cities across the United States, travelers have the flexibility to change their travel plans to a more affordable option – an RV vacation – to enjoy unique travel experiences that promote quality time with loved ones and time to recharge in nature.

Cavins continued: “RV vacations are great for consumers’ wallets in the current financial climate, representing cost savings of up to 21-64% for a travel party of four (RVIA) , by cutting out unnecessary travel expenses and allowing Knowing that they can go to the grocery store and buy a week’s food for their trip for the same price as it would cost to take the whole family to dinner one night is the economy type of exchange- Many families who are worried about changing gas prices don’t realize that they can also have an RV delivered to a campsite or destination of their choice – easily creating their own low-cost luxury hotel room under the stars.”

This new research follows that of Outdoorsy launch of two new features designed for customers booking their next road trip — Roamly travel insurance coverage and PayPal Pay In 41 offer. To help travelers experience the affordability of booking an RV, camper van or trailer on Outdoorsy, customers will now have the option to book their rental and pay for it over time. time using Pay in 4 from PayPal. In addition, Outdoorsy is also introducing Roamly’s travel insurance offering to customers with the aim of protecting against unforeseen events, protecting and reimbursing travelers who have to cancel their trip due to unforeseeable circumstances such as a diagnosis of COVID-19.

For more information on these services and to book your next road trip, go to Outdoorsy.com.

1Pay in 4 is available to consumers upon approval for purchases of $30$1,500. Pay in 4 is currently not available to residents of Missouri, Nevada, New Mexico, North Dakota, Wisconsin, or any U.S. territory. Ready to California residents are made or organized pursuant to a California finance law license. PayPal, Inc. is a Georgia Installment Lender Licensee, NMLS #910457. Rhode Island Small Lender Licensee. When applying, a soft credit check may be required, but will not affect your credit score. You must be of legal age in your US state of residence to use Pay in 4. Offer availability is merchant dependent and may also not be available for certain recurring subscription services.

About Outdoorsy
Outdoorsy is the world’s most trusted on-demand RV rental and outdoor travel marketplace. Founded in 2015, we’ve booked more than 4.7 billion travel days and have offices worldwide in 4,800 cities and 11 countries, including the United States, Canada, Australia, France, and the United Kingdom. Our mission is to mobilize the world’s more than 54 million idle motorhomes to ensure everyone has access, choice and opportunity to safely enjoy outdoor experiences and travel while enabling owners to motorhomes to realize life-changing financial benefits. For more information, visit www.outdoorsy.com.

(PRNewsfoto/Outdoorsy)

(PRNewsfoto/Outdoorsy)

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