Travel Industry Seeding Information

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Travel Industry Seeding Information


Jan 21, 2010 by Mark Maier

The Center For Media Research has released a trove of very important statistics recently and a great report on "Lots Of Americans Still Planning Vacations"...

"

2010 Vacation Spending Plans (vs. 2009)

 

Intended Expenditures (% of Respondents)

Age

More

Less

About the Same

18 - 34

30%

25%

44%

35 - 44

21

32

47

≥ 55

16

24

56

Source: Gallup, December 2009


2010 Adult (Ages18-34) Travel Spending Intentions (vs. 2009)

 

Spending Intentions (% of Respondents)

Travel

More

Less

About the Same

Vacations

30%

25%

44%

Airline flights

24

25

48

Hotel stays

22

29

48

Source: Gallup, December 2009


However, consumer attitudes about their overall travel spending in 2010 may differ from how they ultimately behave. Indeed, the latest government report on travel and tourism reports a significant rebound in U.S. travel spending in the third quarter of 2009 compared to the same period a year ago, reflecting increases in both business and leisure travel. This coincides with an increase in the U.S. gross domestic product more generally and is likely to extend through the fourth quarter. If so, the current data may simply, but importantly, indicate that Americans remain vigilant about their spending and therefore that airlines, hotels, and resorts will have to continue pushing major discounts and package deals in order to attract consumers' travel dollars."

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