Internet Travel Monitor - Industry News
May 17, 2017
AAA: Memorial Day Travel at Highest Level Since 2005
39.3 million Americans expected to travel this Memorial Day weekend
AAA projects that 39.3 million Americans will travel 50 miles or more away from home this Memorial Day weekend. That is one million more travelers than last year taking to the roads, skies, rails and water, creating the highest Memorial Day travel volume since 2005.
“The expected spike in Memorial Day travel mirrors the positive growth seen throughout the travel industry this year,” said Bill Sutherland, AAA senior vice president, Travel and Publishing. “Higher confidence has led to more consumer spending, and many Americans are choosing to allocate their extra money on travel this Memorial Day.”
The Memorial Day holiday travel period is defined as Thursday, May 25 to Monday, May 29.
By the Numbers: Memorial Day Travel Forecast
While AAA expects most U.S. drivers will pay the highest Memorial Day gas prices since 2015, the vast majority of holiday travelers (88.1 percent) are still planning to hit the road. Automobile travel will grow by 2.4 percent this Memorial Day, with 34.6 million Americans planning a holiday road trip. The national average price for a gallon of gas today is $2.34, 11 cents more than last year.
More Americans are planning to rent cars for their holiday road trips this year. AAA’s car rental bookings are 19 percent higher than last Memorial Day. According to Hertz, the busiest day for car rental pick-ups is expected to be Friday, May 26, based on last year’s data.
Large increases in flying and travel by other modes this Memorial Day
While road trips continue to reign supreme for Memorial Day, more Americans will fly, ride the train or bus, or take a cruise vacation compared to last year. Air travel is expected to increase 5.5 percent over last year, with 2.9 million Americans taking to the skies this Memorial Day. Travel by other modes of transportation, including cruises, trains and buses, will increase 2.9 percent, to 1.75 million travelers.
Airfares, hotel and car rental rates on the rise
According to AAA’s Leisure Travel Index, average airfares for the top 40 domestic flight routes will be 9 percent higher this Memorial Day, with an average round trip ticket landing at $181. Hotel costs have also increased since last Memorial Day, with the average AAA Three Diamond Rated hotel costing $215, or 18 percent more than last year. Daily car rental rates will average $66, which is 7 percent more than last year.
AAA and Waze share perspectives on holiday travel
According to Waze, the free, real-time crowdsourced traffic and navigation app, Chicago, Los Angeles and New York are the busiest metro areas this Memorial Day weekend, based on last year’s accident and traffic jam data. For travelers visiting or driving through these cities, be aware of high traffic volumes on Thursday and Friday – New York City sees an average 27 percent increase in accident alerts on these two days.
Many Memorial Day vacationers traveling abroad this year
While the vast majority of travelers are planning a Memorial Day road trip, many other Americans will take advantage of the long holiday weekend and travel internationally, with Europe especially popular this year. The top destinations for Memorial Day weekend, based on AAA travel bookings, are:
1. Orlando, Florida
2. Rome, Italy
3. London, England
4. Dublin, Ireland
5. Vancouver, Canada
6. Seattle, Washington
7. Las Vegas, Nevada
8. New York, New York
9. Paris, France
10. Honolulu, Hawaii
According to Hertz, the busiest airport pick-up locations for travelers planning to rent a car this Memorial Day are expected to be Los Angeles (LAX), San Francisco (SFO), Orlando (MCO), Atlanta (ATL) and Denver (DEN), based on data from 2016.
Copyright 2017 AAA. All rights reserved. From http://www.aaa.com.
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