How Do You Plan and Pay for Vacation Travel?

ally www.allybank.com HOW DO YOU PLAN & PAY FOR VACATION TRAVEL? Ally Bank Survey Finds Americans Are Organizing Their Wallets To Plan for Summer Activities with Travel & Vacationing Being At The Top of Their Lists GENERAL FINDINGS 20% of those who make between $75K and $1O0k will use separate accounts to fund their travel. 26% indicate that travel is where they will spend the most money this summer. COASTAL INFLUENCE -39% east coast 46% respondents will take between two and four vacations a year. west coast respondents will take between two and four vacations a year. PLANES, TRAINS OR AUTOMOBILES 16% will board a plane to get away this summer. 53% of Americans plan to take their trips by car. 3% will set sail on a cruise. EXPENSES, EXPENSES, EXPENSES 31% 31 percent of respondents believe that transportation will cost the most and 29 percent expect 29% Transportation Accommodations accommodations will be the most expensive part of their vacation. OTHER FINDINGS 37% plan to spend less than $500 and another 33% are 22% are still considering "staycationing" or picking a local spot for their summer getaway. 42% of 18-34 year olds will spend less than $500 on summer travel, but this age group will spend the most on expecting to spend between $500 and $2K for summer travel. entertainment & leisure. Member EDITOR'S NOTE: A telephone survey was conducted by Opinion Research Corporation among a national probability sample of 1.011 adults comprising 505 men and 506 women 18 years of age and older, living in private households throughout the continental United States. Interviewing was completed during the period of April 1 to 4, 2011. The margin of error for the survey was +/-2 percent. FDIC