Travelocity stats show airfares up 12 percent

Today’s travel and tourism industries face unprecedented challenges, what with increased competition in all fields and the soaring price of fuel, this summer was never expected to break record profits. But it might not be as bad as the naysayers have predicted.

Travelocity says according to its statistics there appears to be no general slowdown in the number of American who will take summer holidays this year, though a few percentage points have been lost on exactly how long the journeys will be. Travelocity says there are more value-based holidays being booked, more packages being snapped up, and more domestic destinations replacing overseas holiday spots. Another consistent drop is the length of holidays being booked. For domestic destinations, the average time has dropped to seven days, a 2 percent decrease, while overseas locales are being booked for an average of 12 days, a dip of 5.3 percent.