Inflation Delivers a Blow to Summer Travel Plans
Florida’s Economy Gets Boost from Travelers Staying Close to Home
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.
Overwhelmingly, 85.2% of Floridians are very concerned/concerned of the current rate of inflation.
Over 56% of Floridians say that the increase in prices for goods and services has greatly impacted their finances.
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.
Majority of Floridians (68%, n=431)) did not travel for vacation this summer.
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.
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.
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.
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.
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.
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.