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Holiday Travel Outlook Upbeat

October 25, 2010 By: Staff

American Express Travel's booking data anticipates a rise in holiday travel; the overall airfare bookings are up 11 percent for domestic trips and 16 percent for international trips this holiday season.

American Express’s monthly Spending & Saving Tracker survey, which focuses on consumer’s holiday travel plans and spending intentions, shows that 40 percent of consumers plan to travel this holiday season. Almost one-third (30 percent) of travelers expect to spend more while traveling this year.

Highlights of he survey include: 40 percent of consumers plan on traveling and 88 percent will stay within the U.S.

Top desti9nation according to American Express airfare bookings, include:
New York City
Ft. Lauderdale
West Palm Beach
Lost Angeles
St. Thomas, U.S. Virgin Islands

One in five consumers say they will spend more on dining out, a longer trip and activities/entertainment during their holiday travel this year compared to last year. Interestingly enough, a family of four who plan to travel this holiday will spend on average $1,800.

• Young Professionals are traveling more this holiday season, American Express Travel says:
• 63 percent of Young Professionals have plans to travel over the holiday
• 54 percent of Young Professionals plan on spending more on their travel plans this year vs. last.
• According to Young Professionals, if they had an extra $500 to spend on travel this holiday season, they would most like to spend it on extended travel/ extra days or special experiences.

American Express is also reminding travelers that it offers Cardmembers the ability to Pay with Points, using a combination of Membership Rewards points and cash to purchase travel. 11 percent of consumers plan on using loyalty/rewards points for holiday travel.



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By Staff | October 25, 2010
American Express Travel expects gains in domestic and international travel for holiday season.
Filed under : Trends-Research