More than Half of Americans Saving for Summer Travel, momondo Finds

Travel search site survey examines summer vacation budgets; men less
frugal than women

NEW YORK–(BUSINESS WIRE)–Travel search site momondo
today released survey data showing that more than half of Americans –
56% – regularly set aside money throughout the year in order to pay for
a summer vacation.

momondo surveyed 1009 Americans between 18 and 65 on their vacation
spending habits. The travel leader also found that:

  • 72% will not spend more than $5,000 on a summer vacation
  • 51% create a budget for their vacation, while 16% don’t have any
    budget constraints
  • Men are more likely than women to spend on a “luxury” trip, defined as
    over $11,000
  • Travel tops the list of preferred ways to spend money (26%), ahead of
    clothes (16%), electronics (14%), food and wine (14%) and home
    improvement (9%)
  • The most popular ways to cut costs on vacation are food (40%),
    accommodations (36%), shopping (36%) and plane tickets (29%)

“As Americans look toward summer vacation, we see many people carefully
planning a budget and looking for ways to cut costs,” said momondo
spokesperson Lasse Skole Hansen. “It’s worth noting, however, that men
seem less concerned. In addition to being more likely to spend on a
luxury vacation, they were also 25% more likely than women to not do
anything to save for an impending vacation.”

To search for flights and hotels, visit www.momondo.com.

About momondo:

momondo.com
is a free, independent and global travel search site that compares
billions of prices on flights, hotels and travel deals. momondo has won
several awards and is recommended by leading international media
organizations such as CNN, The New York Times and The Daily Telegraph.
momondo is headquartered in Copenhagen and serves travelers across 30
international markets. momondo’s mobile applications are available for
free for iPhone
and Android.

Contacts

SRPR
Brenda Patterson, 440-623-9581
brenda@shevrushpr.com