This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Ways We're Sacrificing for a Summer Vacation

NEW YORK (TheStreet) -- With the calendar turned to June, thought turns to sunny beaches, cool mountains and lazy days nursing a lemonade without a care in the world.

Three-quarters of Americans are looking forward to a vacation this summer (176 million travelers in all), according to the latest American Express Spending & Savings Tracker. That figure is up from 69% last year and 59% from 2012, suggesting that Americans are feeling better about the economy, and maybe also need a break after one of the most volatile economic periods in U.S. history.

They may need to figure out a way to pay for their vacations, though.

"We are seeing that Americans are indeed spending more, but they are still being resourceful in order to cut costs where they can," says Claire Bennett, an executive vice president at American Express Travel. "Travelers are doing their homework and taking more time to plan, ensuring they get the best deal possible without sacrificing those little extras that make their trips special. Most will plan trips at least a month in advance and expect to visit an average five websites to find deals."

How are we, as a nation, paying for all of this sun and fun? By cutting costs wherever possible and making choices that offer a reduced price tag on summer trips. That's what 90% of Americans plan to do this summer, according to Amex.

Here's a look at how Americans are reducing the price of a vacation over the next 12 weeks:

Staying in the U.S. More U.S. travelers are vacationing here in America. Amex says that 70% of travelers will stay in the U.S. -- 5% higher than last year. (Seventeen percent of survey respondents said they were headed overseas, same as last year.)

Making tradeoffs. Sixty percent of travelers will make concessions on the quality of their vacation or their approach to it, Amex says, with 44% saying they will drive instead of fly, and 28% saying they will "choose a less expensive destination," such as state and national parks and beaches, rather than paying for big-city hotels or going to relatively pricey water parks.

Cutting back beforehand. On the list of cutbacks made to save for vacation are dining out, new travel clothing and home improvement projects, with 86% saying they'll sacrifice for a little payoff later.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs