Inflation will dent many Americans' holiday travel plans

Inflation will dent many Americans' holiday travel plans

Inflation could dent some of the holiday cheer for many Americans.

Especially those who plan on traveling to see family and friends this season.

Surging gas, airfare and hotel costs are making Americans budget-conscious.

Americans prefer to travel shorter distances, spend fewer days out of town and engage in fewer activities that cost money.

Some are planning to drive to their destination instead of flying.

Others are using credit card points to book trips.

Travel costs are up sharply compared to last year.

Lodging away from home, which includes hotel stays, was up 4% since 2021, gasoline rose 26% and airline fares jumped 28%.