Staycation or USAcation For This Summer?

Travel on the high seas, while also effected by oil prices, is also beginning to pick up, and Princess Cruise ships could return to Egypt by late-May, while cruise lines are shifting to other ports in Asia.

“Cruise companies cancelled their stops in the troubled areas and went to alternatives instead,” says Grant.

Beyond cost and devastation, the other ongoing concern remains security, and while the Middle East could see improvement given the death of Bin Laden, in the short term there will likely be heightened worries.

“I would definitely think twice about travel right now — the climate is much too unstable,” says Woodriffe, who advises travelers to enroll in the State Department's Smart Traveler Enrollment Program to receive the latest travel updates and information. “This is a time in our global travel community for everyone to be vigilant.”

But for the brave and worldly traveler it still comes back to cost. Consumers will have to accept paying more at the pump and for a seat on the plane, and perhaps making new choices.

“I think that in 2007 before the economic crash, if there was the choice between buying an iPad or taking a trip, many people would have done both. Then in 2010 they would have done neither,” says Seaney.