The economy may not keep holiday revelers at home this holiday season
Holiday travel: 29% will cut trip short or shack up with relatives
by USA Today
According to an AOL Travel survey , 39.6% of travelers said the economy is "somewhat" affecting their plans, while only 17.6% believe the economy affected them "very much."
The survey also found:
• 54.5% of travelers will be cutting back on expensive activities due to the economy.
• 28.5% cited cost as the most stressful part of holiday air travel, and 23.9% indicated delays were the most stressful aspect of flying.
• 82.8% of travelers will be using cars to get to their destination this year.
• Almost 30% of travelers will be shortening the length of their travel or staying with family and friends to reduce expenses.
Although the economy affects the way American people plan their holiday, and despite the desire to save money, they are oddly expected to spend more money this year than last year: American Travelers plan to spend on average $349 more this year — a 41% increase .
Prices had dropped last year due to the economic crisis. As a result, the average amount of money dedicated to holidays had also diminished. Now that there is a recovery, prices are getting closer to their initial rates.: airfares are much higher than a year ago (up to 59% higher than last year for travel before Thanksgiving , according to an analysis by FareCompare.com for USA TODAY, ), higher hotel costs (almost 4% higher than a year ago) …
Consequently, people try to find tips to save money, but they don’t want to sacrifice their holidays at all! Holidays are a way to evade and escape daily life stress and problems, and considering the economic background, they turn even more necessary.
And the economical improving compared to last year makes people feel more optimistic. Their mood is better and they are more inclined to leave, because they feel less threatened than a year ago. They still want to visit their relatives, enjoy the season to have a break… still elaborating money saving strategies to compensate :
Money Saving Strategies :
- Driving than fling
- Shack up with relatives
- Shorter holidays
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