Travel experts say two years of pent-up demand from the pandemic will spur an increase in summer trips even as gas prices and hotel rates rise.
In Maryland, an automatic increase in the gas tax will send prices even higher starting July 1, adding 6.6 cents per gallon. The tax, which is tied to inflation and collected at the wholesale level, will increase from 36.1 cents per gallon to 42.7 cents.
“Gas prices are higher, but a trip to Ocean City is still much cheaper than traveling to most other beach destinations,” Waters said. “It’s certainly cheaper than airfare.”Even so, airlines say they are expecting big crowds. Bookings are up 3 percent compared with the same period in May 2019, but air travelers are spending 24 percent more, according to data collected by Adobe Analytics that is used by companies in the travel industry.
In a recent study, Eylon’s firm found that almost 60 percent of those surveyed said rising gas prices would “impact” or “greatly impact” their travel plans in the next six months, including by taking fewer or shorter trips. Only 6 percent said they were canceling travel plans — slightly above the 5 percent cancellation rate typical for family emergencies, work demands and other problems, he said.
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