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How, and if, people travel on Memorial Day weekend can provide a fleeting glimpse at the state of the U.S. economy, or at least provide insight into consumer confidence. The upshot this year: a near record-setting travel despite a rising national gas price.
Nearly 43 million Americans were expected to travel in cars, trains and planes over the long weekend — 1.5 million more than the previous year, according to AAA and Inrix, a global transportation company that aggregates and analyzes traffic data collected from vehicles and highway infrastructure.
Travel - Volume - Record - AAA - Holiday
That’s the second-highest travel volume on record since AAA began tracking holiday travel volumes dating back to 2000, trailing only the bar set in 2005. Orlando, Florida is predicted to be the top travel destination this Memorial Day weekend, followed by New York, Las Vegas, Honolulu and Disneyland’s home Anaheim, California.
“Americans are eagerly anticipating the start of summer, and higher gas prices won’t keep them home this Memorial Day weekend,” Paula Twidale, vice president, AAA Travel said in a statement. “Consumer spending remains strong, helped by solid job and income growth. Families continue to prioritize spending their disposable incomes on travel, and near-record numbers...
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