Gas Prices and Inflation are major concerns for Travelers

Gas Prices and Inflation are major concerns for Travelers

Gas Prices and Inflation are major concerns for Travelers!

According to a survey released on Tuesday, this summer is not going to be normal for the Americans. Rising inflation and climbing gasoline prices are the two main worries in travelling this year.  

As the summer season is on arrival, about 90% of the respondents are considering gasoline prices whether they will travel or not in next three months.

A survey carried by Morning Consult and Commissioned by the American Hotel & Lodging Association (AHLA) summarized that 90% of the participants said their travelling decisions are going to hit by inflation.

Result of Survey

2210 people took part in this survey. 57% said they are planning fewer trips this year and 54% mentioned that they will take shorter trips.

44% are likely to postpone their trips while 33% are planning to cancel all the plans.

If we summarize the results, 69% Americans are planning to travel and 60% are planning to increase their vacations this summer.

If we see at Consumer inflation index that is already jumped to its peak level in 4 decades.

Gasoline prices also jumped to their peak in more than a decade, crossing $4 a barrel in March. According to the American Automobile Association (AAA), the national average of regular gasoline is stood at $4.622 on Tuesday.