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Gas prices overtake Covid as main barrier to travel
Even with rising gas prices, more than 90% of American travelers have trips planned in the next six months.
In the latest Longwoods International tracking study of American travelers, 38% said rising gas prices will greatly impact their travel decisions over the next six months, while only 20% said that Covid would impact it.
“With concerns about Covid-19 more and more in the rear-view mirror, we are seeing a face-off between the pent up demand to hit the road and fuel costs,” said Amir Eylon, President and CEO of Longwoods International.
“Summer travelers may be more cost-conscious given both the fact of higher gas prices and the extensive news coverage gas price increases generate.”
Reducing both the number of trips and choosing destinations closer to home are the top two coping mechanisms for consumers worried about gas prices.
However, they also are reducing spending on everything from retail and entertainment and recreation to food and beverage.
Only 18% reported that rising gas prices will have no impact on their travel plans.
The survey, supported by Miles Partnership, was fielded March 30, 2022 using a national sample randomly drawn from a consumer panel of 1,000 adults
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