Lower Gas Prices, Higher Job Security Expected to Boost Summer Travel
by: Andrew Schneider, May 21, 2012 6:05:00 pm
AAA Texas estimates 2.8 million Texans will travel 50 miles or more from home over the Memorial Day weekend. That’s up 2% from last year.
John Challenger is CEO of global outplacement firm Challenger, Gray & Christmas.
“We expect the recent decline in gas prices and improved job security should entice more Americans to take advantage of their vacation days during the upcoming summer travel season.”
Challenger says the leisure and hospitality sector is already adding more workers across the country in anticipation.
“In March, employers hired 804,000 workers, way up from what we saw last March, which saw just 691,000 workers. There was also 423,000 job openings for companies in that sector at the end of the month.”
The latest numbers from the Texas Workforce Commission showed leisure and hospitality lost 4,300 jobs in April compared to March, making it the worst-performing industry in the state. But the sector was still up nearly 43,000 jobs compared to April 2011.