This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.
Based on a new report by national property broker Redfin, consumer demand for U.S. vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May 2022.
When we Americans talk about the ties that bind us, the Fourth of July always comes up in the conversation. It's a holiday that not only celebrates freedom for Americans, but also the idea that all people are entitled to be free. On this day, America celebrates its dynamism.
Global property consultant CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth.
According to AAA, the national average price for gasoline exceeded $5 a gallon over the weekend. The average price is also above $5 a gallon in 21 states and the District of Columbia. Florida's state average has not exceeded the $5 threshold, yet it's not far off.
Posted on December 24, 2021