Wealthy ready to spend on travel

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ccording to the Fall 2003 Survey of America's Affluent, a poll of the wealthiest 10% of Americans conducted by the American Affluence Research Center, three times as many affluent Americans said they will spend more on domestic travel in the next year than those who said they will spend less (33% vs. 11%).

However, those planning to take a cruise have remained static over the past 12 months (13% planned to in fall 2002 vs. 13% for fall 2003). Moreover, the survey indicates that cruising becomes more popular as age, income and net worth increase.

The Internet is being embraced by the affluent, both as a way to conduct research for travel and as a way to book. More than seven in 10 respondents (71%) said they have conducted online research for nonbusiness air travel in the past year. And nearly two-thirds (63%) said they have researched lodging for nonbusiness travel via the Internet in the past 12 months.

In addition, significant percentages of respondents said they have booked nonbusiness air (57%) or nonbusiness lodging (48%) through the Internet in the past 12 months.

Art Pfenning is the research director for Northstar Travel Media, Travel Weekly's parent company. Send e-mail to [email protected].

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