Source: Fortune
Summary
Small business owners in US tourist destinations report an increase in domestic tourism, with Americans opting for road trips and local vacations due to high airfares and gasoline prices. The trend is expected to benefit local businesses, such as regional restaurants, attractions, and roadside services. According to AAA, 72.2 million Americans are expected to travel at least 50 miles from home between June 27 and July 7, with 85% driving to their destinations. Many tourists are also choosing to cook their own meals instead of eating out to save money. The shift in travel behavior may help reduce the US travel and tourism trade deficit.
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The numbers tell one story.
Higher airfares and gasoline prices are driving Americans to opt for domestic tourism, benefiting local businesses. Small business owners in tourist destinations are reporting an increase in customers, with many choosing to drive to their destinations and cook their own meals. The trend is expected to reduce the US travel and tourism trade deficit.
“A staycation boom is a small business boon.”
Author: Evan Null
