Economy's Effect on Holiday Travel
Check out these new trends
- Duration 4:26
- Date Nov 10, 2011
Check out these new trends
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And now what we're gonna go over and continue on the travel theme this kind of talk about holiday travel though how is the travel industry looking as we head into this.
Ever busy travel season we -- -- that's -- done with us vice president of American Express consumer travel network.
And now Alan how they -- travel industry looking we are didn't approaching -- love -- -- the evergreen coming out in some kind of a little bit ridiculous but.
We are heading into holiday season after also how are we looking here.
You know it's really looking great aunt is actually on par compared where we were last year.
According to the American Express spending and saving tracker we actually see that just many people are traveling but the great news is are actually spending more.
-- this thing about 40% more than they were Hercules are planning to Canadian last year and what is that.
Spending and savings tracker how does the data compiled and what does -- tell -- is that we work with -- -- -- they the survey once a month and does across the -- topics.
A couple of years we do travel and a couple of the month Citi travel.
And it's we gather information to try to understand what our consumers Americans gonna do what a consumers thinking of them what -- they gonna happen next well it's -- I think they say that you don't really see demand wavering because normally in a down on -- people tend to cut will be considered to be -- fees and travel as -- one -- those saying it's not like.
-- your house or you know things that -- really really -- so why is it that you think demand isn't wavering despite the fact that the economy and.
Right what you know what it's -- -- holiday season so a lot of Americans tell us that between October and the end of the year they wanna travel they wanted to have family wanna see their friends.
But also something of existing application you may really does need that time to get away and they look and that bad that's America's most prevalent and some of them may lose time before the end of the -- so that might be another driving factor exposed.
They -- more than 60% say they travel between October and the end of the year to visit the alien friends.
-- those of us trying to save a buck is it advisable to travel at other points of the year maybe stay put.
-- -- Well I think what we're seeing -- you -- that increasing cost of fuel.
Is increasing the cost of airline tickets which is you know making it difficult -- -- got that many more people that want to travel we're actually seeing that band.
More people are traveling on airlines this year than they did last -- about 36% of Americans say they're going to fly.
So you're seeing that cost is -- increase in both supply and demand some people you know -- are gonna go up but there are some great values out there.
We're actually seeing even in places like on the Caribbean and Florida which usually can be high doing this -- -- and people are going and people are -- and that the deals are great and what are some of the hot travel destinations this year.
So this year want to -- what they have a Fed's Caribbean but we're hearing you know Americans are staying closer to home.
So that -- -- had not to California to see family are heading down south also staying closer to home.
But Caribbean still hot we're seeing that heading over Thailand is really bad -- it's really bad.
-- cruises people continue to go on the cruise for the value they get everywhere from your family -- -- your luxury cruises and now after that because of airlines consolidating several other reasons fuel prices as you said they are higher on average this year than last year so what's the best way to go about trying to get a big deal -- -- book.
A lot of time trying to say that -- -- do you hold out and try to get a last minute deal because.
It is sometimes you look ahead of time than you really think that we've gotten a ticket for have to present but -- -- -- it does happen.
But I think it during the holiday season specifically you know -- demand is high.
So I think he wanna get that selling tickets and you wanna go on vacation I would recommend people -- them now.
And not wait and -- Is that the better movies that you call -- travel is in a book online affiliate office there are a lot of options I think -- a great place do a lot of research and understand what's out there.
But going to travel its -- -- have to navigate to help you navigate through what are all your different different options in the different things that you could be doing.
And I would love -- reward Ford's come into -- different of the strategically -- and -- get the bank the most bang for your buck.
-- -- there -- I think that with all the different airline programs out -- competitive hard especially during the holiday season I have to get those you know.
I would not clearing out only wanted to use them -- they know you can't -- and -- acting on -- and when you actually want to travel.
But a great way for -- -- -- -- -- with American Express -- -- -- American Express membership rewards program.
We can actually news points to help offset the cost of your vacation.
Office -- the cost of airline tickets are cruises -- cures -- hotels whatever you decide to do feel Larry and let people use their points.
Fair game when you have any time holidays when you wanna where you want that I -- the -- thank you so much -- on having us.