It is getting more expensive to travel in today’s economy, with inflationary pressures impacting airlines, hotels, and the tourism sector.
A recent survey from market research firm Destination Analysts found that 93 percent of American travelers intend to take at least one leisure trip in the next 12 months. But will costs affect the quality of their vacation?
The same survey found that inflation and gas prices continue to be an issue for travelers. Close to one-quarter (24.7 percent) reported that the recent inflation trend has prompted them to cancel an upcoming trip, while more than half (55.8 percent) admitted that higher consumer prices will cause them to rethink budgets for upcoming travel.
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