US travelers say they will spend mo more this summer than last year, according to the annual survey by Myvesta.
The average American plans to spend $2,249 on summer vacations, a small decrease from $2,252 in 2004.
“(Consumer) confidence hasn’t translated into a vastly different financial situation for the average American,” said Steve Rhode, president of Myvesta.
He cited spending stagnation to concerns about the future economy and a lack of wage increases.
Myvesta is a non-profit consumer education organization.
Report by David Wilkening
