Memorial Day 2015 will see the highest volume of travel in a decade as 37.2 million Americans hit the road to begin their summer season.
The 2015 figure projected by AAA Travel is a 4.7 percent increase over 2014’s 35.5 million travellers during the same period, the highest growth rate projected since Independence Day back in 2012. The increase is fueled by various economic factors encouraging consumer confidence, and boosting disposable income.
As for how those millions of Americans will begin their summer, 33 million — 88 percent — will take to the highways, thanks in part to lower fuel prices at the pump. AAA says most motorists will pay the lowest price per gallon in five years during this year’s Memorial Day period; current national average is $2.66/gallon.
Meanwhile, 2.6 million will take to the skies with the help of lower fares, while 1.64 million choose other transportation options; the latter is a decrease of 3.4 percent compared to 2014.
In exchange for lower fares and fuel, travellers will be paying more for lodging. AAA’s Leisure Travel Index expects Two Diamond hotels to average $144/night and Three Diamonds to average $182/night, an increase of 16 percent and 23 percent, respectively.
[Photo credit: momentcaptured1/Flickr/CC BY 2.0]
The post AAA: Memorial Day 2015 To See Highest Travel Volume In Ten Years appeared first on The Truth About Cars.
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