Airlines, hotels face bleak holidays
November 11, 2009 |
Many travelers plan to take car trips, stay with friends and family and spend less - bad news for the struggling industries, writes the Los Angeles Times.
Despite airfares and hotel rates that are among the lowest in over a decade, more recession-battered travelers will forgo the airports, hit the freeways and stay with family and friends to save money during the upcoming holiday season.
This Thanksgiving, the number of passengers traveling by air nationwide will be down 4% from last year, according to a report released Monday by the Air Transport Assn., a trade group that represents the nation's leading airlines.
The group attributes the drop to declining demand despite air fares that, according to its report, are at the lowest levels since 1998.
Get the full story at the Los Angeles Times
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