Travel spending could be flat this summer instead of seeing 8 percent increases like we've seen in the past.
More Quotes from Cathy Keefe:
We expect the fall travel season across the United States to be down just slightly under one percent, ... stable.Cathy Keefe
Most people make plans about a month before they travel. We haven't seen any anecdotal evidence showing people are canceling plans for the weekend, ... Americans have gotten used to terror alerts after having gone through the drill before. I think the difference now is that people do want to get away and they're putting more importance to that than being holed up in the house in fear.
Cathy Keefe
If anything, people tend to modify their travel plans before canceling them.
Cathy Keefe
Historically, gas prices alone have not discouraged people from taking summer trips. You'll see more people driving because it's still cheaper than flying.
Cathy Keefe
You reach a saturation point with domestic tourism. It increases with the population, but that's about it. The growth in travel and tourism is really in the international market.
Cathy Keefe
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