Rising Gas Prices Concern for Travel Industry, US Travel Association Says

For vacationers planning to travel by car this summer, more than half (54%) said that an increase in gas prices would affect their summer leisure travel plans, and almost half (44%) said the increase would cause them to take fewer trips, according to a U.S. Travel Association survey.

Roughly one-quarter (26.8%) of business travelers using a car said that an increase in gas prices would affect summer business plans, with almost one-fifth (19%) reporting that they would take fewer trips.

“If travelers are spending more on gas, they are spending less on hotels, attractions, shopping and restaurants, which could have a negative impact on our overall economy,” said Roger Dow, president and CEO of the U.S. Travel Association. “We need to find solutions that reduce the burden which rising gas prices are placing on everyday travelers.”

In another aspect of the survey, almost half of all travelers (43%) said their vote for a presidential or congressional candidate this fall would be influenced by higher gas/oil prices.

An executive summary and methodology of the survey is available here.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

Job Finder: Access Top Talent. Fill Key Positions.

>