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Americans Cutting Expenses, But Not Travel

July 16, 2008 By: Kirk Cassels

A study by market research firm GfK Roper Consulting states that nine out of 10 United States citizens are minimizing discretionary spending due to current economic conditions, CNN reports. Concerns about inflation, oil prices and rising unemployment deter spending in many areas, but travel is not one of them.

According to the study, 59 percent of Americans still plan to take a trip in the next six months that takes place at least 100 miles away from their home– a number only slightly below the 61 percent average of recent years. Vacations will still happen, albeit with altered plans as the report also shows that the majority of travelers will take trips closer to home and more likely within the continental United States instead of outside of the country.

GfK Roper Consulting's results are based on 20,000 interviews plus multiple surveys taken with consumers aged 18 and older between December 2007 and June 2008.

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