AAA: Memorial Day Travel Predicted Slightly Higher
The long weekend means upcoming plans for travel for many, and AAA predicts about 34.8 million Americans will travel a distance of more than 50 miles this Memorial Day, up 1.2 percent from last year. But while about half a million more Americans will be traveling, the distance they travel and how they get there will be significantly different. High gasoline costs and pricey airline tickets may be the primary factor, but in its survey, AAA said Americans were expected to travel about 642 miles, down from 792 miles on average last year. Airline travel is expected to be down 5.5 percent this holiday weekend versus last. About 2.5 million of the expected 34.8 million travelers said they would be flying. Despite a tepid economy and higher gasoline costs, roughly half of those surveyed said higher prices at the pump wouldn't play a factor or adjust their plans in any way. Hotel rates are expected to be up slightly, and car rental prices are expected to be a couple dollars less on average compared to last year. Source: AAA
Remember that report earlier this year that consumers, yet again, were losing interest in hybrid vehicles?