After a year at home, Americans are looking forward to getting out of the house. In fact, 72% of people intend to take a trip in 2021.1 Domestic travel is on the rise—56% prefer a U.S. destination to an international one.2
Travelers may be keeping safety in mind when planning their vacation—62% of people will only visit areas with a low number of COVID-19 cases.10 Unsurprisingly, the availability of vaccines across the country has increased traveler confidence.
Americans are also reconsidering how they’ll get to their vacation destination. More specifically, road trips have grown in popularity.
More than half of Americans plan to spend more money on summer trips in 2021 than in 2020; the average travel budget is currently $2,470.16, 10
Despite these efforts, more than a quarter of people traveling expect to accumulate vacation debt.18 That’s why personal loans can be a smart payment tool—for vacation, people borrow an average of $1,260.19
After months of staying home, Americans are ready to head on their next vacation. By understanding future travel trends and considering personal loans, it’s possible to plan a trip that fits your budget and lifestyle.