TRAVEL NEWS
The number of vacationing Americans will be down this summer, according to a new AP-Gfk Poll, and a third of Americans surveyed said they have already canceled at least one trip this year because of financial concerns.
BY THE NUMBERS
Overall, the survey found only 42 percent of Americans plan a leisure trip this summer, down from the 49 percent who said they planned to take a summer trip in an AP-Ipsos poll conducted in May 2005.
Not surprisingly, the less money you make, the less likely you are to take a vacation. More than two-thirds of those in the $100,000-plus bracket will take some type of leisure trip this summer, compared to 48 percent of those earning $50,000-$100,000 and just one-third of those with family incomes less than $50,000.
Age-wise, 30-49 year olds were most likely to travel, with 48 percent planning a trip. Among those ages 18-29, 43 percent said they would travel, and among those ages 50-64, 41 percent plan a trip. The real drop-off is among older folks: Just 34 percent of those 65 or older plan to travel this summer.
TOP DESTINATIONS
Twelve percent of those planning a trip said they would stay in their home state, 67 percent will go to another state, and 19 percent will travel outside
DEALS
Despite the downturn, travel bargains are tempting a small number of people - mostly upper-income - to take bigger and better trips. Seven percent of all Americans and 18 percent of those earning more than $100,000 said they would take more elaborate trips because of lower prices.
THE OUTLOOK
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Woodside said travel could shrink even more next year. "Most people unconsciously maintain their lifestyles immediately after a big drop in their economic well-being: an 'I'm going to be all right' response," Woodside said. "The impact of their new lower economic reality becomes conscious reality in the second year following a big change."
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