US destinations report tourism drops. Will it lead to cheap summer travel?
(NEXSTAR) – As economic anxiety and international tensions mount, some of the country's biggest hotspots are worried visitors won't turn up this year. But their loss could be your gain, travel analysts say, if demand drops so low that deals start to pop up.
Where is tourism declining?
A Las Vegas tourism report released this week showed showed visitation and hotel occupancy were down year-over-year. California's tourism board reported steep drop-offs starting in February and March.
As a result of dropping travel demand, major U.S. airlines are reducing their flight schedules and revising or withdrawing their profit outlooks for the year.
“We came off a strong fourth quarter, saw decent business in January, and really domestic leisure travel fell off considerably as we went into the February time frame,” American Airlines CEO Robert Isom told CNBC.
Consumer reluctance to book vacations would correspond with © The Hill
