US oversea travel on the rise
US travel overseas dipped after 9-11, but the visitors are coming back with 4.1 million Americans going to foreign lands last summer, according to the US Department of Commerce.
After 9-11, US travels overseas fell by more than a third, from 3.4 million in August of 2001 to only 2 million in October of that same year.
Leisure travel volume is forecast to increase by 2% this year, while international travel to the US is expected to rise 5.5, says the Travel Industry Association (TIA).
“We’re starting to see more signs of a more cautious consumer when it comes to travel,” said Suzanne Cook, senior vice president of research for the TIA.
“I don’t expect Americans to stop traveling. I simply think they will be more careful when it comes to making travel decisions,” she added.
Two factors impacting US travelers: lower consumer confidence and rising fuel prices.
While the overall increase in travel expenditures by Americans is expected to slow, business travel should remain strong.
Air and hotel prices should be on the rise, according to the American Express 2006 Global Business Travel Forecast.
Report by David Wilkening
David
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