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Affluent Americans Shift Luxury Travel From Summer to Autumn

Affluent Americans Shift Luxury Travel From Summer to Autumn
The 'fallcation' boom: Why rich Americans are shifting from summer to autumn travel · CNBC TV 18

Many wealthy Americans are changing when they take their big vacations.

Instead of traveling mainly in July and August, they are choosing September and October.

This trend is being called a “fallcation.”

Autumn bookings rose sharply compared with last year.

Travelers prefer cooler weather, shorter lines, and fewer summer crowds.

Retired people and remote workers can travel more easily outside the school calendar.

Popular destinations include Paris, the Amalfi Coast, the French Riviera, Tuscany, and New York City.

However, more autumn visitors are making hotels and streets busy again.

Luxury travelers are still paying high prices because they prefer the autumn experience.

Key facts

Autumn bookings
Up 59% year over year among high-net-worth U.S. travelers.
Autumn sales
Up 69% year over year.
September sales
Up 77%, making September a leading luxury travel month.
October sales
Up 54%.
November sales
Up 71%; November bookings were tracking 70% higher.
International hotel average
$1,653 per night, compared with under $1,000 in 2019.
Selected rate increases
September rates were up 179% on the French Riviera, 131% in the Greek Isles, and 78% in Italy’s Puglia.

Sources

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