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TCUL Survey Finds that 64.4 Percent of Texans Plan to Take Vacation this Summer
Thursday, May 2, 2013 6:20 AM

According to a Texas Credit Union League (League) survey, 64.4 percent of survey respondents say they plan to take a summer vacation.  So does this mean vacations are making a comeback for the average American family? Statistics suggest so.

The U.S. Travel Association forecasts a 1.3 percent increase in leisure trips and an identical increase in travel expenditures made by U.S. residents in 2013. Also, according to a USA TODAY/Gallup Poll, nearly three quarters of Americans plan to vacation at least 100 miles from home, an almost 15 percent increase since 2012.

However, the League found that even with a predicted growth in travel, some Texans are not quite ready to spend much more on a vacation. According to the League’s survey, nearly 45 percent of respondents’ travel plans are identical to last year. Others reported the following differences to their 2013 vacation plans:

• Longer time - 15.2 percent
• Shorter time -  23.8 percent
• Greater distance - 11.4 percent
• Shorter distance - 19 percent
• Multiple vacations  - 5.7 percent
• Different transportation - 10.5 percent

For those seeking to add a vacation back into their budgets, Texas Credit Union Foundation Executive Director Courtney Moran suggests reducing leisure and entertainment expenses throughout the year to offset vacation costs.

“It’s also a good idea put money away into savings from each paycheck,” adds Moran. “Consumers will find great savings products at their local credit union.”