According to the new report, 47 percent of survey respondents ranked a vacation as their top discretionary spend.
Additionally, the number of Americans who intend to spend more on travel has increased by 17 percent since late 2022, with Millennials and Gen-Z leading the way.
In fact, the number of Americans planning a cruise has jumped 40 percent since last year’s survey and 30 percent of Americans have some type of international travel plans in 2023.
Meanwhile, Western Europe is the region of the world that respondents are most likely to visit next , with London, Paris and Rome leading the way.
“These numbers bear out what I hear anecdotally from our members and their clients almost every day.
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