Travel companies are assessing the fall in demand and volume of cancellations because of COVID-19, with many predicting business down 50% compared to 2019.
A survey from financial services company Bankrate says 62% of U.S. adults have canceled plans because of the virus.
The study breaks also claims show that 31% of people canceled a wedding or graduation party, 27% canceled a stay at a hotel or other form of accommodation and 23% canceled flights.
It adds that of those who canceled plans, 37% say they have lost money as a result.
For those consumers who paid out for canceled plans, less than a third (30%) have received or will receive a full refund, 24% have got or expect to get all their money back and 11% expect about half the price paid to be returned.
A further 13% expect to receive nothing and 15% say they do not know the outcome.
The survey also looks at how consumers have applied for a refund with 68% contacting a company, broken down into 32% contacting their accommodation provider, 28% an airline, 25% an entertainment ticket provider and 18% a credit card provider.
In addition, half of those who requested a refund for a canceled trip have received a voucher for a future flight, hotel stay or ticket, while 47% have received a cash refund.
In terms of demographics, millennials are more likely to have canceled trips (65%) than those from Generation X (60%) or baby boomers (56%).
When it comes to other trips in the future, 51% say they have no plans ahead and, of the remainder, 76% are thinking about canceling something - almost an equal split between a celebration, hotel or flight.
The Bankrate survey was carried out by YouGov on more than 2,600 U.S adults in early-April.