How Much Do Americans Spend on Summer Travel?
The heat of summer causes people to hit the road in search of beaches, pools, theme parks, or maybe just a change of scenery. It's a season of good weather (or at least warm weather), the kids are off from school, and many adults use that as an excuse to take a trip.
Last summer, the average American spent $812 on travel, $551 on restaurants, and $268 on entertainment, according to data compiled for The Motley Fool from Bank of America's credit and debit card customers. That's up 5% from 2017. The overall number of transactions rose by 9%, but the average transaction price decreased by 3% to $94.
"Summer is here. For some that means sending your 'out-of-office' email and jetting off to relaxation," said Jason Gaughin, Bank of America's credit cards executive in a quote sent to The Motley Fool. "For others, it's mapping out rooftop restaurants or giving your house a fresh coat of paint. Regardless of how you maximize warm weather, your wallet is likely to take a hit – as the average customer spent nearly $2,000 on travel, dining, and home improvement during last year's summer months."
Quelle Fool.com
