With vacations 'crazy expensive,' small businesses say Americans are staying closer to home
AI Generated Image

With vacations 'crazy expensive,' small businesses say Americans are staying closer to home

Fortune business

Key Points:

  • Despite higher airfares and gasoline prices, domestic tourism in the U.S. is seeing a slight boost, partly due to the FIFA World Cup and the nation's 250th birthday celebrations encouraging local travel.
  • AAA predicts 72.2 million Americans will travel over 50 miles during the July Fourth period, with increases mainly in cruises, buses, and trains, while driving and flying numbers remain steady.
  • Experts note that reduced international travel could benefit local businesses, as vacation budgets are redirected toward regional restaurants, attractions, Airbnb hosts, and roadside businesses.
  • In regions like Lake Tahoe and Asheville, local tourism businesses report increased activity, with visitors opting for nearby trips and engaging in outdoor activities and local experiences to save money.
  • Cities hosting World Cup matches, such as Kansas City, are experiencing noticeable spikes in tourism and retail traffic, benefiting from being a more affordable destination compared to larger host cities.

Trending Business

Trending Technology

Trending Health