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Death of the Staycation & the Return of the Vacation?

Last updated by on 3 Comments

The ‘Staycation‘ has made its way into popular vocabulary for good reason. We were just in the biggest  economic recession since the Great Depression, and taking a vacation at home is incredibly cheap.

Are Staycations Falling Out of Popularity?

Staycation popularity may now be on the decline as the economy has recovered. As Mint.com highlights – people are starting to travel more again on their own dime. According to their proprietary data, travel related transactions (including rental cars, hotel, air travel, and total travel) are increasing significantly year-over-year in the first two months of the year.

travel_transactions_per_user

At the same time, the average amount spent per person on travel has increased almost proportionately:

travel_spending_averages

In light of this data and people generally starting to feel more secure about the economy, vacation related travel should begin picking up again this year. And although the staycation has other strong merits – you don’t have to stress about planning a trip, you cut your carbon impact, you can get stuff done around the house, your pets won’t suffer separation anxiety, you lower your chances of getting ‘Montezuma’s revenge’ – people who took a staycation last year and have budget available, are probably going to take a ‘gocation’ (coining it right now) this year.

I will be one of them.

Staycation/Vacation Discussion:

  • Did you take a staycation last year?
  • If so, was it because of economic concerns or other reasons?
  • What are your vacation plans this year?

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3 Comments »
  • BIFS says:

    Obviously people aren’t going to keep living the same way, the whole recession thing has just taught them to cut down a bit on spending though some will really never learn.

  • Budgeting in the Fun Stuff says:

    (Note: This is a different person than above)

    We took advantage of last year’s prices and took a $1300 cruise.

    Although we haven’t made plans for this summer yet, I bet a cruise or a Las Vegas trip will be in our future…

    I’m glad people feel more stable, but I hope some frugality sticks around.

  • Julie says:

    I actually went on vacation in February, but I booked in….October?

    I understand the appeal of a staycation, but I’m lucky enough to have a father living 3,000 miles away who lets me stay with him free of charge, so my cheap vacations are spent with him, or in someone’s second home in Pennsylvania (another cheap alternative).

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