With the Memorial Day holiday currently in progress, many of you may be planning or are already taking a vacation. You and 36.1 million others, that is. AAA Travel has projected 36.1 million Americans will take a trip this holiday weekend, a 1.5 percent increase from last year.
AAA expects travelers to pay lower fuel prices compared to the days leading up to the holiday.
The AAA traveler projection includes those that will travel 50 miles or more. Although some may choose to fly to their destinations, AAA predicts that eight in ten travelers will take to the roads this year. So whether you are driving a pickup truck, an RV, minivan or are hard at work in your tractor, prepare to share the roads with an estimated 31.8 million travelers.
This marks the highest post-recession traveler projection and the second highest since 2000.
According to AAA in a press release, the increase in travelers may be due to the unusually harsh winter most Americans experienced. With that still fresh in people’s minds and warm weather in the works, the cure for cabin fever is to get away.
There is some bad news if you plan on staying at a hotel. With the economy displaying signs of improvement, other travel expenses are on the rise. AAA Three Diamond lodgings are expected to have a 2 percent increase in price, according to AAA’s Leisure Travel Index. Two Diamond hotels are estimated to surge three percent. Car rental prices will increase only slightly by one percent, and airfare will see the biggest spike with a six percent increase.
“As the economy continues to improve at a slow and steady pace consumer spending, disposable income, consumer confidence and the employment outlook are trending up which is welcomed news for the travel industry,” AAA Chief Operating Officer Marshall L. Doney stated.
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