US summer trips decline as 45 percent of Americans skip vacations due to soaring airfares and car travel expenses.
Save
Share
The global travel industry, already weighed down by the ongoing tensions between the US, Israel and Iran, is being buffeted by more headwinds as United States President Donald Trump declared that the ceasefire with Iran was over and that more attacks on the country were imminent.
What should have been a typical busy travel season is now expected to see more disruptions in light of the latest flare-up, as fuel costs are likely to soar again, with the benchmark crude up 4.84 percent on Wednesday.
