According to the latest Longwoods International tracking study of American travelers, 41% of them say record-high prices at the pump will greatly impact their decisions to travel in the next six months, up from 32% in May. And 36% of travelers report that higher fuel costs and ticket prices are reducing the likelihood of booking air travel for the rest of this year.
Independence Day travel may be in jeopardy thanks to gas, hotel and airline prices.
Tweet
“High gas and jet fuel prices are disrupting travel plans for this summer and fall,” said Amir Eylon, President and CEO of Longwoods International. “Predictions of even higher fuel costs in future, if accurate, could do significant damage to the travel industry’s COVID-19 recovery now underway.”
Even with these price and cost concerns, 91% of travelers do have trips planned in the next six months. And only 16% of them say that coronavirus will greatly impact their travel plans in the next six months, the lowest level since the beginning of the pandemic more than two years ago.
The survey, supported by Miles Partnership, was fielded June 8, 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.
