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Trading Down, Not Out: Recession Impacts on Travel
 
By now it is apparent the U.S. economy is heading towards a recession, though some argue that it has already happened. This has impacted businesses across varying industries. From a consumer’s perspective, there are more concerns with how money is spent and for some, the recession means cutting down on expenses to save more money.

For the travel industry, the weakening dollar and a regressive economy means more value conscious consumers. “Two recent nationwide surveys agree: Americans are taking a hard look at vacation costs. More than two-thirds of respondents to the most recent survey by Ypartnership, co-authored with the Travel Industry Association, said they had downsized their trips in some way during the past six months because of personal financial concerns. And a survey just completed by AIG Travel Guard found that 47% of travelers polled plan to downscale their vacations to save money” (Boston Edge). But this doesn’t mean eliminating vacations all together. “AIG Travel Guard’s new Travel Beat survey says more than two thirds of the 300 polled said they wouldn’t reduce the number of leisure trips they take in 2008” (Boston Edge).

What this means is that providers of vacation packages and discount traveling are benefiting. “"Our tour business is going through the roof," said Brad Anderson, co-president of America’s Vacations Center in California, which specializes in escorted tours and cruises. Bookings of Contiki tours, for travelers ages 18-35, is "exploding," he added” (Boston Edge). For discount travel companies like World Ventures the recession could prove to be a major business driver.

 


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The state of Missouri is home to one of America’s favorite cities, St. Louis. Here vistors will find the Gateway Arch where you can ride more than 600 feet over the Mississippi River for a spectacular view of the city and its surroundings. In the city visitors will find one-of-a-kind dining experiences, the Anheuser-Busch Brewery, riverboat casinos, and ample nightlife, including, of course, plenty of live entertainment considering it is the birthplace of the Blues. After a night of excitement, a leisurely stroll through the newly landscaped Forest Lake’s Park or the charming Missouri Botanical Gardens is bound to help anyone relax and recooperate, as will a scenic drive along the historic Route 66. Or for those who just want to get away from it all, there’s more to Missouri than St. Louis alone. With numerous state parks, rivers, and caves throughout the state, visitors will find many chances for outdoor fun. Popular sports include canoeing, rafting, kayaking, or tubing in sparkling rivers, fishing in Missouri’s streams and lakes, golf, hiking the Ozark Trail, and cycling. In fact, cyclists will find particular delight in touring along the 225-mile long, hard-packed gravel path that winds through Katy Trail State Park. Horseback riders can also use portions of the path for equestrian pursuits. For those that can’t find enough to do above ground, Missouri also has over 6,200 unique and colorful caves throughout the state.

Saint Louis, Kansas City, Gateway Arch, Mississippi River, Anheuser-Busch, Forest Lake, Katy Trail, Ozark Trail, caves, blues

Wine, Wine Tastings, Merlot, Pinot Grigio, Chardonnay, Pinot Noir, Shiraz, Cheese, grapes, Jazz, goblets, hor dourves