According to the latest Longwoods International tracking study of American travelers, the recent decline in gas prices is a positive indicator for travel for the rest of the summer and into the fall. While 31% of travelers said gas prices would greatly impact their decision to travel in the next six months, that is down dramatically from the 43% of travelers who expressed the same sentiment just a month ago.
“Falling gas prices is an automatic plus for the travel industry,” said Amir Eylon, President and CEO of Longwoods International. “And if fuel costs continue to decline as expected, more Americans will have more money in their pockets and will be hitting the road.”
Nine in ten travelers have trips planned in the next six months. Also, despite the staffing challenges facing the industry since the pandemic, eight in ten travelers reported the level of service they received from tourism and hospitality businesses was equal to or higher than pre-COVID-19 levels.
The survey, supported by Miles Partnership, was fielded August 3, 2022 using a national sample randomly drawn from a consumer panel of 1,000 adults, ages 18 and over. Quotas were used to match Census targets for age, gender, and region to make the survey representative of the U. S. population.