Spend money on experiences, not things. In 2016, Americans will be heeding the call of wanderlust as an overwhelming majority are planning to shell out a significant part of their well-earned cash on a vacation this year.

The travel habits and trends of Americans this year were revealed in a new study by Travelex. Of the 2,000 respondents that were part of the survey, a whopping 95 percent are gearing up for at least one vacation during the year and they will be spending an average of $2,041 on this particular trip.

While there are a lot of interesting destinations in the world, the most popular vacation spots for Americans are tropical regions. Mexico was listed as the top choice with 6.3 percent of the people picking it for their primary choice, while the Carribean is at second with 5.8 percent of the respondents opting for its idyllic beaches. Many of the respondents who chose Mexico were from Generation X who will be on vacation with family. On the other hand, the Carribean was popular with young professionals.

Aside from this two top spots on the list, a bulk of Americans is also dreaming of a space vacation this year, however unlikely it is. The survey had 29 percent of the respondents -- and 43 percent of millienials -- marking space as their destination of choice.

Another significant result of the survey is the Americans' preference for hotels over Airbnb listings. They are eight times more likely to choose the former over the latter with 31 percent of the respondents opting for the hotel than the four percent who would pick the Airbnb. Eight percent of travelers from 25 to 34 year olds will choose the Airbnb accommodations.

Of course, the number of Americans planning a vacation might dip throughout the year. A separate survey earlier this year revealed that 40.5 percent of Americans did not log in a single vacation day in 2015, while 17.4 percent took less than five days off work during the same year.

The same survey showed that men took more days off than women although it wasn't by a large margin, and 18 to 35-year-olds were the most overworked of all age groups. It also reported that the U.S. Midwest is the region where people are least likely to take their vacation days and citizens in rural areas are the largest group who logged in no vacations at all.

Will you be taking your vacation days in 2016?