Economics
Sheltering Americans Give Record Chill to Tourism This Summer
- Memorial Day weekend spending may drop nearly two-thirds
- Those who do venture out prefer road trips and camping
Jones Beach State Park in Wantagh, New York on May 18.
Photographer: Bruce Bennett/Getty Images North AmericaThis article is for subscribers only.
Bookings for Judson Gee’s vacation rental home in Wrightsville Beach, North Carolina, were on track to make 2020 the best summer in more than a decade, until mid-March when guests abruptly canceled their reservations. This week, he got his first new request – but it’s not until late June.
“We felt terrible about it, of course,” said Gee, 52, a Charlotte-based financial planner. “We also understood that it was pretty dire what was going on.”