How Consumers Financed Their Summer Travel
Two-Thirds of Consumers Charged Summer Travel on Their Credit Cards
Whether revenge travel or a desire to take a summer vacation with the kids, many consumers used trains, planes and automobiles to hit the highways and the skyways this summer. PYMNTS Intelligence latest study of 3,389 consumers breaks down how they paid for those trips, and how that differs by generation. Read more in “The Credit Economy: How Consumers Financed Their Summer Travel,” a collaboration with i2c.
Inside the September Study
- 42%: Portion of consumers who planned to travel more this summer citing improved financial standing as a factor driving their decision
- 30%: Share of millennials who used or anticipated using BNPL to pay for their summer travel
- 31%: Portion of Gen Z consumers who cite fear of overspending as a reason for using payment methods other than credit products
