Summer Travel Season Looks Resilient Despite Cost Pressures, Reports Say

Higher energy costs are pushing some travelers to take fewer trips, stay closer to home, or cut spending on accommodations.

Vehicles travel along I-95 in Miami on May 24, 2024. Joe Raedle/Getty Images

The 2026 summer travel season is expected to remain resilient, although more cost-conscious Americans are scaling back their vacation plans, a pair of new reports has suggested.

In an analysis released Wednesday, Bank of America examined credit and debit card spending data alongside a national survey of 2,004 Americans to assess how consumers are approaching summer travel this year.