Consumers close wallets on holiday, travel spend
By Frances Mao · 1 December 2011 · Cashflow
By Frances Mao · 1 December 2011 · Cashflow
As summer approaches, a surprising number of consumers are rethinking their holiday plans, opting for a staycation instead. But what does this mean for the local economy and your wallet?
With an eye on their pockets, over 50 percent of local consumers will skip the traditional summer holiday this year and stay at home, while who do travel will cut down on their spend while on holiday.
Tags: Cashflow, Consumer Confidence, consumer spending, Crossman Communications, tourism businesses, tourism figures, travel spend