Your Summer Vacation Budget: Considerations for 2025

Planning a summer getaway? You’re not alone! However, it’s worth noting that many Americans are reconsidering their travel plans due to rising costs. According to a recent survey, only 46% of U.S. adults are planning to travel this summer. A significant 65% cite affordability as the main reason for staying home. (1) 

The Cost Factor 

The average cost of a vacation in 2025 is projected to be around $7,249. (2) This represents a considerable increase from previous years. Several factors contribute to this, including higher prices for lodging, food, and transportation.  

Making the Most of Your Summer 

Despite the rising costs, there are still ways to enjoy a memorable summer vacation. Consider these options: 

• Staycations: Explore local attractions and activities. 

• Budget-friendly destinations: Some destinations offer more affordable travel options. 

• Travel credit cards: These can help offset costs. 

• Travel rewards: Consider using points/travel rewards to help cover travel costs. 

Planning for the Future 

We understand that navigating the current economic landscape can be challenging. If you’d like to discuss your financial goals and explore strategies for managing your budget, we invite you to schedule a complimentary meeting with us. 

Source: 

1. (1) Thomas, CFEI®, Seychelle. “Survey: Fewer Than Half of Americans Plan to Travel This Summer; Cost is a Major Concern.” Bankrate, 1 21 Apr. 2025, https://www.bankrate.com/credit-cards/news/survey-summer-vacation/ 

1. (2) “The Average Cost of a Vacation in 2025: Trends and Statistics.” The Motley Fool, 2 Apr. 2025, https://www.fool.com/money/research/average-cost-of-a-vacation/ 

This information is being provided only as a general source of information and is not intended to be the primary basis for financial decisions. It should not be construed as advice designed to meet the particular needs of an individual situation. Please seek the guidance of a financial professional regarding your particular financial concerns. Consult with your tax advisor or attorney regarding specific tax issues.