A recently conducted survey reveals that 61% of Americans have plans to embark on overnight leisure trips within the next four months. Additionally, 34% of Americans anticipate an increase in the duration of their overnight leisure travel this summer in comparison to the previous year. The survey also indicates that 31% of Americans plan to augment the number of hotel stays they make this summer compared to last summer.

In terms of business travel, 35% of Americans expect to make overnight business trips in the next four months, with 16% intending to increase the frequency of business-related travel this summer compared to the previous year.

TSA Expects Busiest Summer Travel Season Ever This Year

Hotels are still the preferred accommodation option for 60% of business travelers and 46% of leisure travelers during the summer season. This data is encouraging for hotel owners, despite the ongoing economic challenges such as labor shortages and high interest rates.

The survey also highlights that inflation continues to pose a major hurdle for the growth of hotels and other businesses in the travel industry. Looking ahead, the next four months will be crucial for the hospitality sector.

In a survey, 55% of participants indicated that inflation may impact their decision to stay in a hotel, showing a slight decrease from 56% in January. Additionally, 51% mentioned that inflation could affect their likelihood of traveling overnight, while 46% expressed concerns about traveling by airplane. Furthermore, 44% stated that inflation might reduce their inclination to rent a car.

The survey was conducted among 2,202 American adults between April 25 and April 28, 2024. Additional survey findings were:

In the upcoming four months, 52% of the participants expressed their inclination to embark on an overnight journey for a family excursion, which is a slight increase from the 51% recorded in January.

Among this group, 36% stated their intention to opt for hotel accommodations.

Similarly, 42% of the respondents revealed their likelihood of undertaking an overnight trip for a romantic getaway, with 56% of them indicating their preference for staying in a hotel.

Furthermore, 31% of the individuals expressed their intention to travel overnight for Memorial Day, and within this group, 35% mentioned their inclination towards hotel stays.

Additionally, when evaluating hotels, 32% of the surveyed individuals ranked high-speed Wi-Fi as the most important technological amenity.

The survey indicates that hotels are well positioned to take advantage of a robust summer travel season. However, it also highlights the persistent challenge of inflation hindering growth in the industry. US hoteliers are grappling with significant economic hurdles such as a widespread shortage of labor, elevated interest rates, and stringent federal regulations.