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Travel demand stays strong despite double-digit cost increases
Original: Gas, airfare costs are up by double digits but travel is still in high demand, Minnesota agency says
A Minnesota travel agency reports that gas and airfare prices have risen by double digits, yet demand for travel remains high. The finding suggests Americans are prioritizing trips despite inflation-driven price increases, keeping the travel industry busy heading into the season. The agency's observation points to a willingness among consumers to absorb higher costs rather than cancel plans.
Why now: Rising travel costs affecting summer plans are a timely consumer concern
Evidence
- Gas, airfare costs are up by double digits but travel is still in high demand, Minnesota agency says · CBS News
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