Fewer Americans are taking time off for vacation this summer, and it might be due to inflation
by 37.8%; in May 2023, the index for prices dropped 13.4% from that previous year. Even so, airline ticket inflation came in at 30.2% for all of 2022. continues to play in the lives of everyday Americans. When it comes to why fewer Americans are taking time off for vacation this summer, Acting Secretary of Labor Julie Su told Insider that it's"an important question."
"We are very, very focused on bringing down the costs of things," Su said."That's something that Americans feel every day, right in their pocketbooks." So, while Americans might be spending more on traveling this summer, it might be even further restricted to who can actually afford it.that short-term rental hosts were set to see their revenue decline this year, in a first since the pandemic's onset. At the same time, mid-tier rentals — the middle-class of Airbnb, where rooms aren't barebones cheap or exceptionally luxurious — were getting hammered hard.
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