Fewer Trips, Tighter Wallets: Holiday Travel Demand Cools Across the Board

PeopleImages/ShutterstockThe holiday rush may lose some of its momentum this year—even among high-income travelers—as a report from Deloitte on Wednesday shows Americans are planning to take fewer trips and spend less on them amid growing financial concerns.The average number of planned holiday trips has dropped to 1.83, down from 2.14 last year, while average planned travel budgets are down 18 percent to $2,334, the report said.