Outlook for this year’s travel: positive
The US still faces high unemployment and a slow recovery but more people plan to travel in 2011 and expect to spend more money, says a new report by Travelocity.com.
"Judging from the number of respondents who say they intend to both travel and spend more in the coming year, the travel industry could see continued growth in 2011," said Hugh Jones, president and CEO of Travelocity Global.
Thirty five percent of 1,403 consumers surveyed by travel web site travelocity.com said they will increase their travel in 2011. Only one percent said they do not plan to go anywhere, compared to four percent last year, the report found.
More than one quarter of those surveyed said they would spend US$2,000 or more on their vacations this year, which was up from 20 percent in 2010. More than one third said they will spend more than last year.
“The survey will be welcomed by airlines battling higher oil prices and travel agents concerned that unrest in popular holiday destinations like Egypt and Tunisia might deter vacationers this year,” said Reuters Life.
Airfares are about 8 percent higher this year, according to Travelocity, but 34 percent of respondents to the poll said they intended to spend more on their flights, slightly more than the number planning to spend more on hotels.
By David Wilkening
David
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