Memorial Day Travel Expected to Reach Highest Level Since 2005
Memorial Day weekend travel is expected to reach levels not seen since 2005, according to a new report from AAA.
Holiday travel volume is a decent gauge of how well the economy is doing, and if AAA’s estimate is anything to go by, the economy is doing just fine.
The Memorial Day holiday travel period is defined as Thursday, May 25 to Monday, May 29.
AAA forecasts that 2017 will mark the third consecutive year of growth in Memorial Day travel with 2.7 percent more travelers than last year.
The vast majority of Americans (34.6 million, or 88.1 percent of travelers) will drive to their destinations, an increase of 2.4 percent over last year.
2.9 million Americans are taking to the skies this Memorial Day, increasing air travel by 5.5 percent over last year.
1.75 million travelers, an increase 2.9 percent from 2016, will look to other modes of transportation, including cruises, trains and buses.
Drivers will pay the highest Memorial Day gas prices since 2015. Airfares, car rental rates and mid-range hotels are all trending higher than last Memorial Day.
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