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Nervous workers opt against vacation time

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Travel-industry experts hypothesize that employees may be opting out of summertime travel this year, out of concern that their jobs will be deemed unnecessary or easily replaced while they are out of the office.

What's worse? Coming back from a week in the mountains to find a mountain of work, or a boss newly cognizant of the fact that you're not as indispensable as everyone thought! Nervous workers appear to be fearing the latter, and whether or not this is driven by paranoia and panic, the travel market is suffering.

"People are scared of losing their jobs and want to stay in touch with their work," one travel expert told The Washington Times. Another noted that ". . . people feel guilty about indulging themselves and are nervous to leave their office for too long." And one New York-based advertising firm's survey showed that just over half of parents asked said they planned to cut down on vacation spending.

Of course, other fears play into this. Consumers are cutting costs in general across all sectors, and those already unemployed are obviously less likely to spend on discretionary travel. Those who are getting away are taking shorter vacations or choosing destinations that are closer to home.

And with decreasing demand comes improved supply, so people who have the travel bug can get great deals now; some cruise lines are offering cash credits, and certain hotels are providing a fifth night free with a four-night stay. And don't forget that gasoline prices are lower than year-ago levels, making flying and driving a bit easier on the wallet.

Beth works for The Options News Network (www.ONN.tv), which provides daily options commentary. The above comments are not intended as trading or investment advice.

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Last updated: November 25, 2009: 12:15 PM

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