When asked about their summer travel plans – including vacations and weekend trips – in a recent USA Today/Gallup poll, 27% of Americans say they will travel less this year than last while 18% say they will travel more. Another 37% say they will travel the same amount, and 18% say they don’t travel much. These travel intentions appear to be highly influenced by consumers’ economic confidence…
When asked about their summer travel plans – including vacations and weekend trips – in a recent USA Today/Gallup poll, 27% of Americans say they will travel less this year than last while 18% say they will travel more.
Another 37% say they will travel the same amount, and 18% say they don’t travel much. These travel intentions appear to be highly influenced by consumers’ economic confidence.
Those who rate the current economy “poor” are much more likely to say they intend to travel less than those who rate the economy “excellent/good” or “only fair.” Similarly, those who say the economy is “getting worse” are much more likely to say they intend to travel less than who say it is “getting better.” It appears that consumer expectations about the future of the economy play a role in their comfort with spending money on travel this summer.
Just about as many men under 50 years of age say they will travel more as say they will travel less. On the other hand, many more women of the same age say they will travel less than say they will travel more. While more men and women over 50 say they intend to travel less rather than more this summer, the intention to cut back on travel is particularly strong among women over 50. In the East, just about as many Americans say they will travel more as less. In the other three regions, far more say they will travel less this summer than travel more.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
