In the past 12 months, nearly one-in-four (23.6%) say they have taken a "staycation" -- a vacation spent at home -- in response to gasoline prices. 28.5% of survey respondents said they plan to take a staycation in the next 12 months.

"We expect to see travelers taking fewer leisure trips and visiting destinations that are closer to home. With more than half of travelers saying they will actively look for travel bargains and discounts and another third saying they will visit less expensive destinations, affordability is certain to be top-of-mind. In this climate, destinations, hotels, and others that market to leisure travelers must provide compelling offers that promise and deliver value," says Erin Francis, Managing Partner of Destination Analysts.

The average number of trips the typical American has taken in the past 12 months has already fallen 7.3% to 5.1%. The top impediments to travel continue to be high gasoline prices (57.8%), personal financial reasons (49.5%) and expensive airfare (35.2%). The percentage of survey respondents who have cited these factors as having prevented them from traveling as much as they would have preferred have all grown significantly since the survey was first conducted in July 2006.