Small businesses say they’re having a good summer as Americans travel closer to home
Summary
Small businesses in the U.S. are seeing more customers this summer as many Americans choose to travel closer to home. Higher prices for airplane tickets and gas, along with events like the FIFA World Cup and the nation’s 250th birthday, encourage people to spend vacation money locally instead of going abroad.Key Facts
- More Americans are taking short trips or day trips near their homes instead of traveling far.
- Higher airfares and gas prices are making vacations more costly.
- Big events like the FIFA World Cup and 250th U.S. anniversary celebrations motivate local travel.
- AAA expects 72.2 million Americans to travel at least 50 miles during late June to early July.
- The number of people cruising or taking buses and trains is increasing, but driving and flying numbers stay the same.
- This trend benefits small businesses such as local restaurants, attractions, and Airbnb hosts.
- Spending more on local travel could help reduce the gap where Americans spend more on foreign travel than international visitors spend in the U.S.
- Families like the Kains in Baltimore are cutting back on multiple trips to save money.
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