Posted by: John S Kiernan

You can learn a lot about people from their travel habits generally and their attitudes toward winter travel in particular. After all, winter travel can be especially trying, on both our patience and our wallets.

To get a better sense of how U.S. consumers are feeling about their ability to get away heading into the most expensive time of the year, WalletHub conducted a nationally representative online survey. You can find the results in the following infographic.

Key Stats

• Cost is the second biggest worry when traveling during the winter holidays.
• Almost 1 in 3 Americans would pay a credit card annual fee in exchange for better perks.
• Almost 6X more millennials plan to apply for a card to save on winter travel compared to baby boomers.
• 61% more people with high income compared to low income say they will not travel because they need to save money.
• 2 in 5 people plan to use credit card rewards to help with winter holiday spending.
• 6 in 10 people will consider the most rewarding card before making a travel purchase.

 

Embed on your website<a href="https://ift.tt/2OaYgWu"> <img src="//d2e70e9yced57e.cloudfront.net/wallethub/posts/67121/2019-winter-travel-survey-v6.png" width="" height="" alt="" /> </a> <div style="width:px;font-size:12px;color:#888;">Source: <a href="https://ift.tt/2E9Xd4S>

Ask the Experts

For advice and insight, we asked a panel of experts to share their thoughts on the following key questions:

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• Mark A. Bonn Ph.D. – Professor and The Robert H. Dedman Professor in Services Management, Director of Resort & Vacation Rental Management – Dedman School of Hospitality & Tourism Management Florida State University
• Frederick DeMicco Ph.D. – Visiting Professor of Hotel & Healthcare Management Masters in Tourism Management, Colorado State University
• Irina A. Telyukova Senior Vice President of Analytics, Mulligan Funding
• Nizar Hussein Instructor and Internship Director College of Business Administration Department of Marketing & Hospitality Services Administration, Central Michigan University
• Carolin Lusby Ph.D. – Assistant Professor of Hospitality, Florida International University
• Kevin Nelson Ph.D. – Associate Dean of the Business School, Professor of Business Administration, Western State Colorado University

More Experts Full Details Overall

Do you plan to travel away from home this winter?
Yes	65%
No	35%
If no, what is the main reason you’re not planning to travel away from home this winter?
Can’t afford it	38%
Don’t feel like it	28%
Need to save money	23%
Saving vacation days	11%
How will your winter travel spending compare to last year?
Same	49%
More	30%
Less	21%
What do you worry about most when traveling during the winter holidays?
Weather	44%
Cost	38%
Packing appropriately	7%
Spending time with in-laws / relatives	7%
Terrorism	4%
Do you plan to apply for a new credit card to save on travel this winter?
No	86%
Yes	14%
Do you plan to redeem credit card rewards to help with your winter holiday spending?
No	62%
Yes	38%
If yes, what do you plan to redeem for?
Travel	43%
Cash back	41%
Gift cards	10%
Merchandise	6%
Is it worth paying an annual fee to get a hotel or airline credit card with better perks?
No	69%
Yes	31%
Do you consider which credit card will be most rewarding before making a travel purchase?
Yes	60%
No	40%
How would you rate the wait times at security checkpoints in airports?
Good	40%
Bad	26%
OK	20%
Horrible	9%
Great	6%

Note: Percentages may not total 100% due to rounding.

from Wallet HubWallet Hub


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