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NBC News
21 hours ago
- Business
- NBC News
Getting to Europe is cheaper this summer — but everything costs more when you're there
Indeed, Tourism Economics found travel spending by U.S. residents abroad rose 8.6% in the first four months of the year from the same period a year earlier. 'This indicates continued U.S. outbound demand,' the firm said. While the economy and household finances always influence travel demand, 'today those factors are looking to have more of a negative impact than positive one,' said Nicki Zink, deputy head of industry analysis at the market research firm Morning Consult. In the group's recent survey, 31% of consumers said both the state of the U.S. economy and personal financial pressures are reducing their interest in leisure travel in the next three months, 'higher than any other factor we survey about,' said Zink. For its own part, the tourism market research firm Future Partners found 47% of American travelers are likely to venture abroad in the next 12 months, but 35% said uncertainty around U.S. policy changes had already caused them to reconsider or delay those plans. And in a NerdWallet survey last month, 11% of consumers said they'd scrapped international travel plans this year over global relations or economic uncertainty. Plenty of Americans are still packing their passports, though. Millennials, for example, 'are increasingly considering international destinations, despite the higher cost compared with domestic trips,' said Zink, adding that interest in destinations across South and Central America, the Caribbean and northern Europe have risen this year. Wealthy travelers are also still traveling with gusto, extending a trend that has intensified since the recovery from the pandemic. 'Our affluent clients are still going after those bucket-list adventures and once-in-a-lifetime experiences,' said Mandee Migliaccio, CEO of the New Jersey-based agency Stepping Out Travel Services. 'While they're definitely keeping an eye on the headlines, they typically won't change plans unless a destination really becomes unstable.' Migliaccio acknowledged she has seen some subtle shifts lately, with some clients asking to trim flight costs or deciding to skip a stop to keep things more efficient. 'It's not so much 'I can't go' as it is, 'How can I make this work for me?'' she said. 'People are being strategic, spending where it matters most, and opting for curated experiences over excess.'
Yahoo
12-05-2025
- Yahoo
These Are the Top Solo Travel Destinations Right Now—and Asia Dominates the List
A Reddit user crowdsourced the best solo travel destinations in the world. A repeat suggestion was South Korea's capital, Seoul. The top 3 answers were all in not just your algorithm serving you solo travel content. According to an industry report from Future Partners, solo trips continue to be a popular choice among travelers. While the creative insights firm found that 43 percent of American travelers are interested in traveling alone in general, another report from Virtuoso confirmed that the majority of solo explorers—a whopping 71 percent—are women. Although the beauty of solo travel lies in experiencing a new place and new challenges by yourself, Future Partners also discovered that solo travelers are 'nearly twice as likely as other travelers to use travel agents and digital influencers to plan their trips.' That might mean hiring a professional, scrolling through TikTok videos, or joining a solo travel-focused community, where you can lean on other solo travelers' experiences to inform where and what you book. One of those communities happens to be on Reddit. Recently, Reddit user /Eufedoriaa/ asked the r/solotravel/ community about the cities that are 'currently in their prime,' à la 'San Francisco during the '60s, Berlin in the early 2000s, Seattle during the grunge era of the '90s, [and] 1980s Los Angeles.' Travelers immediately began to share their favorites, and we mined the comments for the top responses, seeking out answers that received the most upvotes. While answers spanned the globe, Asian and Northeastern, Eastern, and Central European cities tended to rise to the top. Seoul, the capital of South Korea, made several repeat appearances. One user described it as a city that's 'quickly transforming into a global hub for tech, design, and fashion,' adding that it's 'fast-paced, cutting-edge, and really knows how to blend tradition with innovation.' Travelers say Ho Chi Minh City has a similar vibe. 'It's a city that knows it's on the cusp of greater things,' explained another user, who shares it has 'new world-class restaurants and cocktail bars popping up every month, [and] rooftop parties that go on till 4am.' Unsurprisingly, Thailand, T+L's 2025 Destination of the Year, was also featured a few times. Several users noted that Bangkok is a good choice for solo travelers. 'It has insanely low crime in all levels … lowest prices for luxury living (even Western standards of luxury), and the city overall seems to be getting better every day,' said one user. Another shared it's the 'cuisine, friendliness of people, beaches, mountains, [and] proximity to interesting countries' that appeals most to those traveling alone. Other standout destinations for solo travelers, according to Reddit, include: Taipei, Taiwan Tallinn, Estonia Lisbon, Portugal Tbilisi, Georgia Warsaw, Poland Mexico City, Mexico Budapest, Hungary Tirana, Albania Read the original article on Travel & Leisure
