If we remain stable this fall, that’s not necessarily a bad thing. You’re still talking the highest numbers we’ve ever seen,

If we remain stable this fall, that's not necessarily a bad thing. You're still talking the highest numbers we've ever seen.

After 9/11, there was a real shift toward family-oriented travel. Visiting small-town America became more popular as people were looking for a piece of Americana. You have your big all-American cities, but the majority of the country is small areas with fun events and cultural traditions that are a draw these days.

If anything, people tend to modify their travel plans before canceling them.

There are definitely more people traveling. And they might not be spending more on each trip, but they are definitely taking more trips.

It’s a phenomenon, and it has really taken hold in the industry, ... It really brings people into some of the smaller areas, the rural areas that are not like first-tier destinations.