Citing a survey by Forrester Research, The New York Times reports that “47 percent of people who use the Internet say they think they will cut their travel spending in the next 12 months because of their personal financial situations.”
This comes at a time when air fares and hotel rates are plunging, the Times points out, and the newly unemployed have the time to travel. A recent article in the Los Angeles Times treated that very subject at length, describing the travel industry’s attempts to market to unemployed and furloughed workers.
This has always been my conundrum. The available time and the available money do not seem to be properly synchronized.