Most say higher gas prices will cause cutbacks in summer travel plans

Will higher gas prices cause you to curtail your summer travel plans?

According to a new survey from the U.S. Travel Association, reported in USA Today, 54 percent of travelers who planned to drive for their summer vacation say the rising price at the pump will have an impact.

Even business travelers say they would be affected, with nearly 27 percent saying they would reconsider their plans.

Among leisure travelers who said they’d still travel, about 44 percent said they would shop less and about 37 percent would spend less on restaurant meals. More than one-third said they would drive shorter distances.

Business travelers, while less  likely than leisure travelers to take fewer trips because of gas prices, also said they would cut back on restaurant and hotel spending and on shopping.

“The destinations and places where vacationers are going to be traveling to this year are going to see less economic activity,” said David Huether of the travel association.

6 comments Add your comment

Clay

March 27th, 2012
10:32 am

Gasoline is such a small part of a travel budget that if gas prices make you cancel a vacation, then you needed to stay home and use that money on something else, anyway. You’re going to spend thousands on accomodations, food and entertainment–but an extra few bucks on gas is the tipping point?

If you drive 1000 miles and average 20 MPG, that’s 50 gallons of gas. How much are you using per gallon as the higher gas amount? If you use $1 per gallon, you’re talking about $50 per 1000 miles driven. You’ll spend more than that on the first dinner you go out to while you’re at your destination.

USCgal

March 27th, 2012
10:35 am

It’s not the high gas prices, but higher than last year airfares. You can thank Southwest for that, as all I see from them are higher price points than AirTran. Delta will price typically based on competitor strategy. Our trip out west is on hold as I would like a fare similar to the one we paid in 2011. For the rental car, we will rent a small car. Hotels prices are pretty stable. Higher gas prices are causing me to combine errands, but if we want to go to the beach, we drive the most economical mpg car, Priceline the hotels, and dine sensible. Travel is something to enjoy as you don’t get any younger! Happy Trails!

Rich

March 27th, 2012
10:43 am

Dissagree with minimizing the issue…gas prices are going to cause me to cut two trips as I like to drive to my destinations. Unfortunately the USA is still way behind in regards to alertnative fueled vehicles…those manufactures that have these vehicles have priced them out of reach of most middle class Americans.

Netbanker

March 27th, 2012
11:50 am

YOu also have to consider that as gas procides increase so do all of your other expenses while on vacation. The cost of food goes up because it costs more to harvest it and transport it to markets which means restaurants needs to raise prices too. It costs more to transport goods to stores therefore the price of those goods increase also. It’s not just about getting yourself from point a to point b, but everything gets more expensive to transport. This is why a small increase in the cost of fuel results in billions of dollars of economic impact.

S/T & L/T implications

March 27th, 2012
2:25 pm

it’s not the cost of gas for one trip but, the cumulative cost of gas that will (has) caused people to cancel or modify travel plans. EXAMPLE: People taking a trip in August with the expectation that I would have a certain expendable dollar amount. If they are spending an extra $100+ dollars a month between now and August plus the additional cost of fuel for the trip then, they may decide to cancel or modify their trip due to the rising cost of gas. Rising prices have implications in the short-term and long-term.

ichiban Rick

April 2nd, 2012
2:28 pm

Fuel prices affect everything to the food we put on the table, to plastics,manufacturing, Travel, and on and on it goes. The last time we did this dance with 4 dollar and up fuel prices the economy collapsed. I beleive at 4 bucks it won’t collapse but if we see $5.50, It may push us back down into a double dip great recession.