Inflation Delivers a Blow to Summer Travel Plans

Florida’s Economy Gets Boost from Travelers Staying Close to Home

Economy

Around 48% of Floridians rate the condition of the national economy as poor/very poor, while 26% rate it as fair and 26% rate it as good/very good.

Around 48% of Floridians consider the cost of living/inflation as the most important problem this country is facing today.

Table 1

Inflation

Overwhelmingly, 85.2% of Floridians are very concerned/concerned of the current rate of inflation.

Table 2

Over 56% of Floridians say that the increase in prices for goods and services has greatly impacted their finances.

Table 3

Summer Travel

Almost half of the Floridians in the sample (n=431) think that Florida is a “value” choice for a vacation destination during times of inflation.

Table 4

Majority of Floridians (68%, n=431)) did not travel for vacation this summer.

Table 5

Around 34% (n=292) of the Floridians that didn’t travel for vacation this summer said that higher costs of traveling were the main reason while 27 % indicate that financial difficulty was the main reason.

Table 6

Around 47% (n=139) of Floridians that travel for vacation this summer indicated that they shorten a trip that they already planned due to inflation.

Table 7

Around 63% (n=139) of the Floridians that travel for vacation this summer said that they opted for in state travel versus out of state travel due to inflation.

Table 8

Roughly 62% (n=139) of the Floridians that travel for vacation this summer said that they changed any of your vacation travel plans this summer because of the high cost of gas.

Table 9

Roughly 57% (n=139) Floridians that travel for vacation this summer said that they changed cruise line, or hotel brand due to rising prices to a more economy brand.

Table 10

Methodology:

The survey was administered using both landlines via IVR data collection and online data collection using Dynata. There were 431 respondents sampled between August 31 and September 5, 2022 with a margin of error of +/-4.72 percentage points. Data was weighted based on gender, age, education, and ethnicity.