Posted on Monday, September 7, 2009
Americans have scaled back their plans for Labor Day weekend in light of the recession, according to a report from the American Automobile Association. This week, the AAA indicated that about 39.1 million Americans will be on the road for the long weekend, but this number is still down 13.3 percent from 2008 levels. The organization cited the economy as a significant factor in the expected trend, but also noted that Labor Day happens to fall after the beginning of the school year for many families, which may also cut somewhat into travel plans. What may be a lukewarm travel season comes at a time when oil prices are experiencing downward pressure because of high supply levels reported by the federal government. Gasoline supplies did fall this week, but crude oil levels have been largely stagnant in recent weeks. Weekend travel results are also likely to be closely watched by the travel and tourism industry, which has particularly struggled during the recession as Americans wrestle with personal finance issues and unemployment.
By Steve Monfort
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