Summary
Wealthier households, earning over $100,000, are dominating holiday travel this year, making up 45% of travelers and over half of paid lodging customers, according to Deloitte.
Rising costs, including airfare and luxury accommodations, have priced out lower-income households, whose travel participation has declined.
Affluent travelers are driving demand for premium experiences, with high-end destinations seeing significant price increases. Meanwhile, budget-conscious travelers are cutting costs by staying with family or using credit to fund trips.
Inflation continues to strain travel budgets across income levels, with 29% of travelers expecting to take on debt.
What do you mean pull it out of my ass? The article said six figures. Is 900k not six figures? Is 900k any less six figures than 100k?
Also I’m not sure what math you’re quoting here. None of that’s in the article. Children aren’t even mentioned.