The latest customer data from WorldTrips revealed that US travellers are spending more on their holidays for next year than they did this year.
The average cost for a 2023 trip to Europe from the US is $8,817, which is almost double the cost of a trip in 2022 – $4,684.
Domestic holidays have also seen a nearly $3,000 increase from 2022 to 2023. The average cost of trip within the US in 2023 is $7,878, whereas in 2022, it was $4,956.
These increases follow the universal trend of higher costs for airline tickets, accommodation, food and entertainment.
Mark Carney, CEO of WorldTrips, said: “The average trip cost trend in 2023 for popular U.S. tourist destinations is a stark reminder of the macro-economic trends directly impacting consumers.
“Buying a travel insurance plan that includes a trip cancellation benefit should be on all travellers’ radar as they prepare for these more expensive trips in 2023.”