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Travel trends include shorter vacations
American travelers are taking shorter trips, driving more than they are flying and substituting three-day weekends for the traditional week-long vacation.
Those were among findings of David Wyss, chief economist for Standard & Poors.
“With memories of terror attacks fading, and the dollar dropping to the level of foreign currency, the demand for tourism is increasing,” he said at the New York Times Travel & Tourism Show.
Part of his rosy outlook was based on the fact Americans are spending less of their incomes on food and energy costs, leaving them more money for travel.
Mr Wyss said his major concern, however, was over future rising energy prices. That could have a negative impact on tourism.
But there’s also the threat of terrorism.
“It’s the elephant in the room — what happens if there are more terrorist attacks?” he asks.
Report by David Wilkening
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