Slightly higher local fuel prices are unlikely to deter people from traveling during the long Memorial Day weekend, said Shane Norton, an economist at IHS Global Insight, a Lexington forecasting firm. Most drivers have come to see gas in $3.60 per gallon range as run-of-the mill.
In general, we think that travel from last year is pretty flat, said Shane Norton, a director at IHS Global Insight, which provides economic forecasting and research for AAA. The economy weighs heavily on families travel plans. Consumer confidence has fallen for four straight months as Americans
Date: Jul 01, 2012
Category: Business
Source: Google
U.S. Thanksgiving travel expected to be up | Philadelphia Inquirer | 2011-11-04
"We expect total travelers to be up for Thanksgiving, and almost certainly for Christmas and New Year's," said Shane Norton, head of travel and tourism analysis for IHS Global Insight. "But not up significantly, and still not back" to 2007 levels.
The uncertainty about where gas prices and airfares may be headed is prompting families to be more careful, IHS Global Insight senior consultant Shane Norton said. Some may take shorter trips, stay at cheaper motels and eat at lower-cost restaurants.