NEW YORK >> This year’s hottest summer travel trend? Waiting for deals.

Americans are scaling back travel plans from flights to drives or waiting to book only if the price is right, a tell-tale sign of an industry slowdown that’s got travel companies worried.

Hotel summer bookings are either flat or falling from last year, and airline bookings are down even though airfares have also declined, as economic concerns fuel a pullback in spending.

Travel companies, including Delta Air Lines, Marriott International, and online travel agency Booking Holdings, have withdrawn or revised their 2025 annual forecasts as U.S. demand softens. Airbnb flagged shrinking booking windows as consumers take a “wait-and-see” approach and book trips closer to their check-in dates.

That has left companies with

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