US Travel Spend Dropped 22% (annualized) in the 4th Quarter

Anyone who has been watching travel costs and deep discount deals recently, in the US for example in New York and Vegas, knows this anecdotally — but US travel spend fell at a 22% annualized rate in 4Q08. Ouch. But great for bargain hunting.

It seems like, as far as deals go (and it’s a great time to Priceline!), it’s 2002 all over again!

No surprise that United and American are offering a double elite qualifying miles promo through mid-June. There will certainly be more bonus promos to come.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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