Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

As the summer travel season begins with the Memorial Day holiday weekend, elevated fuel prices stemming from geopolitical tensions and broader inflationary pressures are reshaping how Americans plan vacations. The U.S. Travel Association forecasts modest growth of 1% in annual travel spending, with domestic leisure travel driving activity despite increased costs across all travel categories. Gasoline prices have risen significantly, with the ave…