Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

More travelers to hit the road for Memorial Day

By Hibah Yousuf, staff reporter


NEW YORK (CNNMoney.com) -- Memorial Day travel is expected to increase this year, thanks to healthier economic conditions, according to a report released Thursday by motorist group AAA.

A total of 32.1 million American are planning to travel, a 5.4% increase from last year. They'll spend an average of $809 on their holiday trip, 1.1% less than last year.

"While the economy continues to be rocked by waves of occasional uncertainty, improved economic performance from one year ago should cause more Americans to take vacation this Memorial Day holiday weekend," Glen MacDonell, director of AAA travel services, said in a prepared statement.

AAA travel agents have been reporting double-digit spikes in the percentage of travelers making advanced bookings for tours, cruises and hotels, he added.

The report said 87% of travelers will be driving to their holiday destinations, a 5.8% jump from last year -- thanks in part to gas prices that AA expects to stay under $3 per gallon, on average.

While airfares are unchanged from a year ago, air travel is expected to rise 2.4% to 2.14 million. Another 2 million Americans will travel by rail, buses or watercraft.

Vacationers staying in hotels will get a slight price break: Hotel rates are 1% to 4% lower than last year, AAA found, with travelers spending an average of $99 to $142 per night.  To top of page

Index Last Change % Change
Dow 17,400.75 -610.32 -3.39%
Nasdaq 4,707.98 -202.06 -4.12%
S&P 500 2,037.41 -75.91 -3.59%
Treasuries 1.58 -0.16 -9.20%
Data as of 6:32am ET
Company Price Change % Change
Bank of America Corp... 13.00 -1.04 -7.41%
Microsoft Corp 49.83 -2.08 -4.01%
Ford Motor Co 12.52 -0.88 -6.57%
General Electric Co 29.82 -1.37 -4.39%
Micron Technology In... 13.21 -0.84 -5.98%
Data as of Jun 24
Sponsors

Sections

Barnes and Noble announced plans to start selling alcohol in some of its stores. And shares of the bookstore chain rallied on the news while the rest of the market was down on Brexit fears. More

The U.K. voted to leave the European Union on Thursday. The vote could affect Americans in a litany of ways. More

Startup Spark examined the effects that political candidates had on the human brain and nervous system using a device called BrainWave. Here's what it found. More