51 Million Americans to Travel This Thanksgiving Weekend, Most in 12 Years
The American Automobile Association (AAA) is estimating that 50.9 million Americans will journey 50 miles or more away from home this Thanksgiving, a 3.3 percent increase over last year. The 2017 holiday weekend will see the highest Thanksgiving travel volume since 2005 with 1.6 million more people taking to the nation's roads, skies, rails and waterways compared with last year. AAA and INRIX, a global transportation analytics company, predict travel times in the most congested cities in the U.S. during the holiday week could be as much as three times longer than the optimal trip.By the Numbers: 2017 Thanksgiving Travel Forecast
- Road trip ready: 89 percent of all travelers - 45.5 million - are planning a Thanksgiving road trip, an increase of 3.2 percent over last year.
- Cheaper airfare: Consumers will pay the cheapest average airfare since 2013.
- Fuller skies: The largest growth in holiday travel is by air travel, at five percent, with 3.95 million travelers.
- Alternate travel: Travel by trains and other modes (including buses and cruises) is expected to increase 1.1 percent to 1.48 million travelers.
- Fueling up: Drivers will pay the highest Thanksgiving gas prices since 2014.
- Holiday high: Car rental daily rates will hit a five-year holiday high at $70/day, which may be due to an increase in domestic demand and cost of newer vehicles.
"Thanksgiving kicks off the start of a busy holiday season, and more thankful Americans will travel to spend time with friends and family this year," said Bill Sutherland, AAA senior vice president, Travel and Publishing. "A strong economy and labor market are generating rising incomes and higher consumer confidence, fueling a strong year for the travel industry, which will continue into the holiday season." Travelers still hitting the road despite higher gas prices
While AAA expects most U.S. drivers will pay the highest Thanksgiving gas prices since 2014, the vast majority of holiday travelers (89.3 percent) are still planning to hit the road. Automobile travel will grow by 3.2 percent this Thanksgiving, with 45.5 million Americans planning a holiday road trip. This November's national average price is $2.54, which is 37 cents more than last November (1st-14th).Highs and Lows: Car rentals, airfare and hotel rates
According to AAA's Leisure Travel Index, travelers taking to the skies will pay the lowest average in five years for a round-trip flight for the top 40 domestic routes. At $157, on average, that is a 23 percent fare drop year-over-year.
Travelers can expect to spend any 'flight savings' on car rentals. At $70/day, the daily car rental average is 34 percent more than last year and the highest rate for Thanksgiving weekend since 2013. The increase in rates may be attributed to an increase in domestic demand and cost of newer vehicles in the fleets with added features and benefits.
Travelers will pay more for AAA Three Diamond Rated hotels this holiday weekend. The average price increased by 14 percent to $176/night. Conversely, the average rate for AAA Two Diamond Rated hotels has decreased five percent with an average nightly cost of $117.