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KPMG Consumer Pulse: Memories Over Materials – Americans Slash Non-Essential Spend to Fund Summer Experiences

  • Despite budget concerns, 60% of Americans plan to travel in 2026
  • Nearly 4 in 10 travelers are anchoring travel plans around a specific event
  • Shorter trips and fewer dinners out help consumers make those experiences possible
April 23, 2026

NEW YORK, April 23, 2026 – Consumers are navigating inflation and cost pressures by spending selectively this summer, cutting back in some areas to prioritize meaningful experiences.

Sixty percent of Americans plan to travel this summer, with nearly four in ten anchoring their plans around a desire for a specific experience, according to the Consumer Pulse Summer 2026 Survey released by KPMG LLP, the U.S. audit, tax and advisory firm, and incorporating additional data from consumer intelligence firm CivicScience.

"We're seeing a consumer who has done their homework. They know exactly what they want, whether that is a sporting event, concert, or vacation, and they're making trade-offs in their daily lives to make that a reality," said Duleep Rodrigo, KPMG U.S. Sector Leader, Consumer, Retail & Hospitality. "Even with higher gas prices, consumers are determined to keep their travel plans intact while demanding more value for every dollar they spend. When consumers are this deliberate, brands have less room to be vague. They must be explicit about what experience they're offering and why it's worth choosing."

Key travel survey findings include:

  • Of consumers planning to travel, 38% are seeking out cheaper alternatives where possible.
  • To save money, consumers are favoring shorter trips (one to three days) over week‑long stays, and prefer to travel by car (62%), followed by plane (51%).
  • Consumers are also pulling back on spend by staying in the country – 69% plan to stay in the U.S., while 21% are planning international trips, down from 28% in 2025.
  • Twenty-seven percent of consumers use AI tools when planning trips, up from 14% two years ago. 
  • Hotels remain the most popular accommodation overall (55%), though higher‑income households show greater preference for vacation rentals (32%) while lower‑income travelers prioritize staying with friends or family (38%). 

“When every dollar has to work harder, consumers are turning to AI to make sense of their options – and by the time they reach a hotel or airline, the shortlist is already set,” said Braden Mark, KPMG U.S. Partner, Travel, Leisure, & Hospitality. “The brands that recognize that are showing up earlier, shaping discovery rather than just competing at the moment of conversion.”

Additional Survey Findings:

To accommodate summer plans, consumers are pulling back on food and beverage spending.

  • Seventy-six percent of consumers consider eating at home more often to save money due to budget constraints.
  • Nearly one-third (31%) of consumers rarely or never go out to eat dinner or order take out.
  • When consumers dine out, they’re prioritizing quick service restaurants (25%) rather than casual or fine dining.
  • Fifty-four percent of consumers expect to spend more on groceries than they did last year. 

Wellness remains important but spending in this category reflects the same selective mindset, with a heavy focus on everyday essentials.

  • Over the past six months, supplements and vitamins (25%) saw the largest increase in purchases, followed by skincare (16%) and oral care (15%).
  • Consumers are prioritizing free, self-guided workouts, with 92% of respondents saying they do not pay for workout classes.  
  • Over the past 3 months, at-home consumption of alcohol has decreased by 36%, with the reduction being more pronounced among Gen X (41%), and Baby Boomers+ (42%). Meanwhile, respondents plan to drink more water (49%) and eat healthier (46%) compared to last year.
  • While physical fitness (58%) and preventive care (51%) are top priorities for Baby Boomers+, 1 in 2 Gen Z and Millennial respondents say mental health is a top health and wellness priority. 

“Wellness spending is stratified, with younger generations prioritizing mental health and older generations doubling down on physical fitness,” said Julia Wilson, KPMG U.S. Principal, Consumer & Retail Strategy. “What cuts across every age group is a shift toward everyday essentials that feel affordable and impactful. Brands that understand where they fit in that priority set will be better positioned to hold their place in the basket.”

About the KPMG Consumer Pulse Summer 2026 Survey

The KPMG Consumer Pulse Summer 2026 Survey is based on a collaboration between KPMG and CivicScience. The report integrates two survey periods: a KPMG survey of 1,544 consumers across the U.S. from February 27, 2026, to March 18, 2026, and a CivicScience survey of 868-3,432 respondents from March 1-March 23, 2026.

About KPMG LLP

KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 138 countries and territories and has more than 276,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
 
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at www.kpmg.com/us.

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For media inquiries, contact Grace Langella (glangella@kpmg.com / 201-212-7857)

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