Intelligence company predicts six percent travel growth
Mintel is predicting a six percent increase in travel spending this year after a nine percent decline in 2009.
“The growth will be slow and will mainly stem from reduced prices on hotels, rental cars and airlines, all trying to get hesitant consumers to travel again,” said Mark Guarino, a senior analyst.
According to a recent survey from Mintel, nearly two-thirds of respondents could not afford a trip in 2009, while one-third say they needed to save money instead.
Despite the rising gas prices that started in 2008, more than two-thirds of Americans cited the car as the most popular mode of transportation when going on a domestic vacation. Air travel came in a distant second with less than one-third of respondents choosing this method of travel.
Said Guarino:
“Clearly, air travel is quicker, especially when going long distances. However, automotive travel is considered more affordable, safer and comfortable in light of security threats, high airline prices, ticketing and baggage fees and long lines that have become the norm at most major airports.”
Mintel is a global supplier of consumer, product and media intelligence.
By David Wilkening
David
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