Gasoline prices won�t deter travel, association says
The Travel Industry Association of America said Thursday that the summer travel season would be robust despite sharply higher gasoline prices. It predicted Americans would take 237 million person-trips in June, July, and August, up 3% from last summer.
The Travel Industry Association of America (TIA) said Thursday that the summer travel season would be robust, despite sharply higher gasoline prices.
It predicted Americans would take 237 million person-trips in June, July, and August, up 3% from last summer. A person-trip is one person traveling from home more than 50 miles one-way.
William Norman, TIA president and CEO, said higher gasoline prices should raise the cost of vacations less than 5%, and travelers will economize in other ways.
"Nothing on the horizon is going to slow down the summer travel season. We have seen no evidence of Americans canceling their travel plans due to higher gasoline prices, " he says.
TIA�s survey found 86% of travelers plan to take at least one trip this summer, up from 82% last year. Only 14% of travelers said they would not take a trip this summer, down two percentage points from a year ago.
The association said the effect of gasoline prices is evident in the frequency of travel. The survey found that 20% of respondents said they would travel more this summer, down from 25% last summer, while the percentage of people who plan to travel less almost doubled from 7% last year to 13%. However, TIA said, 52% plan to travel the same amount this summer as last, compared to 50% in 1999.