Wave of summer travel expected over July Fourth holiday as hot inflation loosens grip

NEW YORK — Travel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels.

“With summer vacations in full swing and the flexibility of remote work, more Americans are taking extended trips around Independence Day,” said Paula Twidale, Senior Vice President of AAA Travel. Consumers continue to face pressure from inflation on a wide range of goods, but travel-related items including airline tickets and hotel costs have eased significantly from a year ago. Hotel room prices were 1.2% lower in May compared with a year ago, according to recent government inflation data. Those costs have been trending lower since the beginning of the year.

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Wave of summer travel expected over July Fourth holiday as hot inflation loosens gripTravel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels
Source: ABC - 🏆 471. / 51 Read more »

Wave of summer travel expected over July Fourth holiday as hot inflation loosens gripTravel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels
Source: ABC - 🏆 471. / 51 Read more »