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Fewer Americans Traveling This Summer
- Only 46% of Americans plan to take a summer vacation this year, down from 53% last year.
- Two-thirds say costs like airfare and hotels are the main reason to skip travel.
Rising Travel Costs Affect Choices
- Hotel and motel prices increased 1.7% recently and are 15% higher than before COVID.
- Cruises are rising in popularity as a more affordable travel choice.
Intel Revises Venture Capital Strategy
- Intel reversed plans to spin off Intel Capital, their venture arm with $5 billion in assets.
- The focus will shift to portfolio monetization and selective investment instead.