Tuesday, February 24, 2009

Tough times cut into vacation plans

USA Today reports:
The sinking U.S. economy is forcing many Americans to cut back on or give up a hallowed tradition: the family vacation.

A USA TODAY/Gallup Poll finds that 58% of people who normally take an annual vacation away from home will shrink their vacation spending this year — or just not go.

The finding mirrors a 2009 travel forecast newly issued by consultants D.K. Shifflet & Associates and IHS Global Insight, which research travel behavior monthly.

The firms forecast Americans will spend 9.7% less on leisure travel in April, May and June, and 9% less in July, August and September than in 2008. In sum, Americans could spend $30 billion less on leisure trips this spring and summer.