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home / news releases / TCOM - Travel boom! Southwest offers double pay to avoid July 4 disruptions


TCOM - Travel boom! Southwest offers double pay to avoid July 4 disruptions

baona/iStock via Getty Images As concerns dwindle over gathering in crowds or attending public events, 86% of Americans plan to celebrate Independence Day this year, up from 76% in 2020. Those who do have plans for the holiday are forecast to spend about $80 on food items - in line with historical trends - for a total of $7.5B. More than half of consumers are also planning a cookout or BBQ, the National Retail Foundation reports, and 29% of those celebrating expect to purchase additional patriotic items. Roadtrip: 10M more Americans are set to take road trips this July 4, a 34% increase compared to last year, according to AAA. Daily car rental rates for Independence Day are also 86% higher compared to the same period in 2020, topping out at $166. That strong demand comes despite gas prices that are hovering around $3.09 a gallon nationally, the highest price

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Travel boom! Southwest offers double pay to avoid July 4 disruptions
Stock Information

Company Name: Trip.com Group Limited
Stock Symbol: TCOM
Market: NYSE
Website: ctrip.com

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