Memorial Day travel to be best in a decade

9 May 2015 | Author: | No comments yet »

AAA expects most holiday travelers in 10 years.

With more money in their pockets thanks to lower gas prices and an improved job market, AAA expects more than 37 million Americans to travel for Memorial Day, the most since 2005. A gas station receives a delivery of gasoline while cars line the pumping stations as motorists fuel up, Friday, May 8, 2015, off Route 3, south, heading toward Cape Cod, in Pembroke, Massachusetts.”A strong employment market and low gas prices have driven consumer optimism to new highs and boosted Americans’ disposable income,” AAA president Marshall Doney said in a statement. “This is welcome news for the travel industry.” As usual, most travelers will drive: More than 88% of vacationers will take to the road. AAA said Friday that the number of Americans taking a trip of 50 miles or more will rise 4.7 percent to 37.2 million over the period May 21 to May 25. Though fares are a bit cheaper – the average ticket price for the top 40 domestic flight routes dropped 2% to $222 – vacationers will likely pay more once they touch down.

That will likely happen again this year, as long as oil prices stop rising.” Drivers renting vehicles, however, will find higher average daily car rental rates and pricier hotel rooms this Memorial Day holiday travel season, while airfares are trending slightly lower than in 2014. The total number of travelers and the number opting to drive should be the highest since 2005, when 44 million people traveled, 37.3 million of them by car.

AAA predicts that travel by other means, such as bus, train and cruise ship, will decline for the first time in five years, to 1.6 million people from 1.7 million a year ago.

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