Thursday, June 24, 2010

Staycation... Slow Retreat

EconomPic first highlighted the "staycation" phenomenon last year (i.e. choosing to vacation at home). Since that time, tourism has rebounded within the U.S. albeit to a much lower level than pre-crisis.



Note these figures were only recently released through Q1. I'm interested in what happens this summer... will travelers bounce back following a hiatus in vacation travels over the past few years, will recent market volatility / continued employment issues keep travelers at bay, and/or will a strong dollar prevent foreigners from visiting / push high-end travelers (i.e. those that have bounced back with regards to consumption) to travel abroad instead of keeping the $$ in the U.S.

Source: BEA