But instead of maintaining their confident outlook, U.S. consumers pulled back on travel, with just two thirds of Americans taking a leisure trip. New Phocuswright research found that those who did travel took fewer trips and spent less; average annual travel spend declined more than $500. Amid a contentious presidential election year and the rising threat of terrorism abroad, financial worries still held travelers back. Among U.S. adults who skipped vacationing in 2016, more than half cited financial considerations. U.S. consumers' cold feet had implications for a range of travel trends. Many Americans who did travel did so on a tighter budget, impacting trip length and destination selection. Get the full story at Phocuswright