TIA Predicts Nominal Growth in Summer Travel

American travel will grow at the anemic rate of less than 1 percent this summer season, according to a survey conducted by the Travel Industry Association of America. The association's Summer 2006 Forecast predicts that Americans will log 325.6 million "person trips" this summer with a person trip defined as one person traveling more than 50 miles, one-way, from home. The association credited the disappointing growth rate to higher gas prices and economic uncertainty. The survey reported that gasoline prices will add between $30 and $50 to the typical vacation.

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