Magazine article Insight on the News

Travel Trends. (Trends)

Magazine article Insight on the News

Travel Trends. (Trends)

Article excerpt

American travelers plan to take 10 million more trips this summer than last, despite increases in hotel rates, airfare, car-rental costs and gasoline prices. Thanks to high consumer confidence, people will travel more often, stay longer and spend more money on their vacations this year.

"It's going to be a record travel season," says Jason Ader, a senior analyst with investment bank Bear, Stearns & Co. "The economy's strong. Consumers feel good. The stock market's up. And the prices we're seeing are as high as they've been since we've been keeping records, and that's since the fifties."

In all, American vacationers will take more than 270 million trips this summer -- 4 percent more than last year, according to the travel association. The top 10 destinations are Florida, California, Hawaii, Colorado, New York, Texas, Nevada, Arizona, Washington state and Washington.

During such trips, a family of four will spend $213 a day for meals and lodging -- an increase of $3 from last year, according to a forecast released by the Travel Industry Association of America. In some cases, price increases are expected to double the inflation rate, which was 2. …

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