May 27, 2008
Could I have been wrong about the economy seriously hurting the travel industry?
A few days ago I suggested that the economy will hurt the travel industry. There is room for conflicting opinions however. This article says that more Americans are traveling abroad this year than last year. It doesn't say if people are going to Canada instead of France but it's still significant - we're not talking about staycations if one goes abroad.
This article says that hotel bookings are fairly typical for this time of year - another possible indication that people are traveling despite the weak economy.
Interestingly, each article also mentions that the economy might be changing vacation plans. The first says that 51% of people say that money is the biggest problem when planning a vacation and the second quotes a hotel manager who thinks people will be taking shorter trips. But if the same number of people end up in his hotel I guess there's a chance the travel industry won't suffer much.
This article suggests that the way people travel could change. I personally love the suggestion of bringing snacks instead of stopping for fast food. Save money and your heart.
Posted by James Trotta at May 27, 2008 11:05 PM | TrackBack
I travel so much for business and pleasure that I must have a strategy for travel in this difficult economic time. I am actually naive enough to believe that after the election, we will have some positive action on the dollar. Then I can go to SE Asia as I have planned. C'mon greenback, 'cause Mama wants to go to Viet Nam this year. Hee-hee!
Posted by: Cathy Broadus at July 25, 2008 9:12 AM