Report: Fewer small business owners plan to take summer vacation
Fewer than half of small business owners plan to take a vacation this summer, according to the American Express OPEN Small Business Vacation Monitor.
Only 46 percent surveyed plan to take a vacation, down from a high of 67 percent in 2006. In the poll, 37 percent listed busy work schedules and 29 percent listed affordability as top reasons to stay home.
For those who are going on vacation, the Monitor found that an uncertain economy will affect trip plans for 57 percent of respondents; 23 percent said high gas prices will limit the distance they travel.
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