The U.S. economic recovery is picking up steam as Americans increase their spending, particularly on in-person services that were battered by the coronavirus pandemic.
The rising number of Covid-19 vaccinations, falling business restrictions, ample household savings and injections of federal stimulus funds into the economy are fueling the surge, economists say.
“I’d rather travel than do almost anything,” said Betsy Cole, 81 years old, who booked a flight to Boston to see family and friends in late spring and hopes to visit the British Virgin Islands for a sailing trip later this year. She also booked two international trips for next year. She looks forward to camping in the Sahara and riding a camel in Morocco, as well as enjoying time on the water in the Greek Isles.
Ms. Cole, of Naples, Fla., said she is finally comfortable with the prospect of traveling again after avoiding crowds, restaurants and trips throughout the pandemic. She said she is more at ease now that she is fully vaccinated and many others are as well.