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

5 Predictions for Car Rental in 2015

Next year’s mechanics hinge on plentiful new car supply and a softening used car market.

Premieres and Trends at the LA Auto Show

The 2014 Los Angeles Auto Show featured less green-speak and more driving excitement aimed at younger buyers. Get ready for more compact crossovers, as Mazda, Honda, Fiat, Volkswagen and Scion launch brand-new models next year.

Hertz’s Earnings News: Rapid Reaction

Hertz will be on an accelerated buying and selling schedule in the next six months. How might that affect the market?

Job Finder: Access Top Talent. Fill Key Positions.