Consumer Payment Card News

Undecided Consumers

The economic uncertainty continues to impact consumer travel. Nearly 80% of respondents to a Hotwire survey said they have yet to book December holiday travel, with 61% planning to put off the task until at least November. Additionally, 23% plan to wait until the last minute, saying they won’t book December travel until after Thanksgiving. At the same time, 57% of those planning to purchase December holiday travel say they want to be careful about how much they spend on holiday travel this year, citing concerns about the economy as the reason they plan to spend less. Hotwire says U.S. flying capacity is down at least 10% from last year. This means airlines are flying with fewer open seats and charging higher fares.

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