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CIBC Poll: Affordability concerns shaping 2025 holiday travel plans
CIBC Poll: Affordability concerns shaping 2025 holiday travel plans Canada NewsWire ...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"\n\n\nCIBC Poll: Affordability concerns shaping 2025 holiday travel plans\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nLocal adventures and homegrown holidays take centre stage this holiday season\nTORONTO, Dec. 17, 2025 /CNW/ - According to a new CIBC poll, 79% of Canadians say that travel has become less affordable over the last five years, and with cost concerns continuing to shape spending decisions, more families are choosing to stay closer to home this holiday season.\n\n\n\n\n\n\n\nMore than six in 10 of those polled (62%) are choosing not to travel this holiday season, with 31% citing budget limitations and 22% saying they are prioritizing saving.\nDespite affordability concerns, nearly four in 10 (38%) of Canadians do plan to travel this holiday season, marking a slight dip compared to last year (down from 41% in 2024). Younger Canadians, particularly Gen Z, are leading the way, being twice as likely to travel compared to Boomers (50% vs. 26%). Of those planning to travel, fewer are focused on international trips, and many are increasingly opting for domestic adventures closer to home.\n\"Canadians are showing both resilience and adaptability this holiday season, and whether its travelling within the country or gathering at home, the focus is on connection, comfort, and making smart financial choices \" said Carissa Lucreziano, Vice-President, Financial Planning and Advice at CIBC. \"As Canadians navigate their holiday plans, we're here to help them celebrate and budget for what matters most.\"\nTravel destinations for holiday 2025\n12% plan to head abroad13% will travel within Canada19% are planning trips within their own provinceNotably, almost one in five (18%) travellers plan to use credit card rewards points to help cover holiday travel expenses.\nMaking the Most of the Holidays: Budgeting Tips from CIBC\nAs Canadians navigate holiday plans, smart budgeting is more important than ever.\nSet a Realistic Budget: Review your holiday plans and set a clear spending limit for travel, accommodation, and a...