May 16 2008

Poll: Vacationing Families Will Be Thrifty This Summer

Published by HotelBlogs at 11:49 am under Hotel News

With current state of the US Economy, a recent poll of 6,700 individuals has revealed that vacationers have less money to spend, and will be careful with how they spend it.

  • 57% of people questioned said they have less money to spend on summer vacations this year than the previous year.
  • 20% of people questioned said they planned to rent a house instead of a hotel room, in order to cook at home and save one eating out.
  • Summer could be the worse for U.S. Hotels since 2002, following the WTC Terrorist Attacks in 2001.

“Year after year after Sept. 11, hotels had started to come back and capacity increased,” said Jim Kovarik, the general manager for AOL Travel. “Heading into this year there was a lot of concern about the economy factors. They are anticipating a tough year.”

Other believe that the higher gasoline prices and tighter budgets will just lead consumers to go on shorter trips and stay in nearby hotels.

For the full story, click here.

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