You’ve watched the Wall Street meltdown — and subsequent government bailout — unfold during the last week. But how is the nation’s ailing economy affecting your next trip?
Will fewer people fly? That seems to be the conclusion of a recent mainstream media report, which concludes that “amid higher airfares and a crisis in the financial markets, airlines in the U.S. and abroad are seeing or bracing for softening passenger demand.”
How about hotel occupancy? A travel trade publication reports that in at least one place — Manhattan — hotel rates are facing serious downward pressure. It reported buyers are “turning up the heat” in negotiations with New York hoteliers, following the most disastrous week that Wall Street has seen in decades.
We know that business travelers are taking a break, but what about the rest of us? Are you canceling any trips? Or do you see this downturn as an opportunity to score a bargain?
The comments are open.
