Oct. 17 (Bloomberg) -- Holiday travel spending will rise about 8 percent this year for the average U.S. family, even as the number of Americans making a trip will remain unchanged from last year, an American Express Co. survey showed.
A family of four plans to spend $2,636 on holiday travel, an increase of almost $200 from a year earlier, American Express said in a statement today. Three in 10 Americans plan to travel during the holiday period, unchanged from 2010, the company said, citing results from its Spending & Saving Tracker.
Forty-two percent of those that plan to travel said they would spend more this year on the trips during the U.S. holiday season, which typically begins with Thanksgiving in November. Fifty-six percent don’t plan to travel, down from 61 percent who stayed home in 2010, the survey said. Travelers flying to their destinations will rise 10 percentage points to 36 percent.
The survey interviewed a random sample of 2,017 adults from Sept. 28 to Oct. 2, said New York-based American Express, the largest credit-card issuer by purchases. The group included members of the general population and those classified as affluent or as young professionals.
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