According to a recent survey of American Express, many consumers plan loosening its grip on their purse strings for the upcoming holiday season. 39% Of respondents had plans to travel this year and almost a third of these said spent this year on travel vacation made in 2009.
The survey was part of the monthly surveys of American Express savings spending & Tracker.Research based on a sample of 2,005 adults American population general.Además report on general trends, the study looked at travel and spending plans two sub-groups: rich and young professionals.
On average, travelers expect to spend $460 per person for costs associated with travel in the next two months. Rich and young professionals consumer segments is not surprising that you plan to spend more, with the young professional estimating costs $500 a head and rich consumers (those with a household income of at least $100,000) reports average estimates $560.
Respondents, 19 per cent were planning to travel by Thanksgiving, another 19 percent for Christmas, new year 6 per cent and 10 per cent which simply says that it would take a travel tip end of the year. Young professionals were more on the fly: a total of 72% of planned to travel through vacations to 39 per cent of the population in general and 55 percent of the US rich.
A hike holiday consumer spending would be good news for industries that depend on travellers, such as airlines, hotels and restaurants. Those who predicted spend more, 23 percent reported that it would take a long trip.Twenty percent said would spend more on dining, and another 20 percent predicted spend more on activities and entertainment.In addition, 17 percent said their planned to stay in the best accommodation and 15 percent heading to a more expensive destination.
The American Express survey not exactly announces a comprehensive consumer confidence rebound however.Of 61 percent of Americans who had no plans to travel during the holidays, 30 percent reported due to couldn't permitirse.La half of consumers travelling for vacation plans to save money by staying with family and friends and 28 percent were making arrangements for travel by car for additional volar.Un per cent 10 had plans to travel in the off-season in order to save money on travel.
Even the tributary were not immune to the economic woes: 10 per cent of people in the prosperous segment says money problems would keep them from traveling, and 17 percent of consumers in the prosperous segment planned to take a travel tip before the end of the year, compared to 10 percent of the general population and 9 percent of young professionals.
Does not help the airfares are increasing with some airlines cargo up to 17% for flights of round inside and outside América.Y, according to a travel expert forecast of American Express business Insights, major cities passages will increase the next year, with an increase provided for between 2 and 7 per cent for all domestic u.s. flights.
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