Are you planning on traveling this Labor Day holiday? If so, you won't be alone.
According to a news release issued on Tuesday, AAA is estimating that 34.1 million Americans will travel 50 miles or more from home during the upcoming Labor Day holiday, an increase of 4.2 percent from last year.
According to the AAA news release:
The anticipated increase in holiday travel is predominantly due to increased consumer spending and the improving housing market. The total number of 2013 Labor Day holiday travelers is expected to reach a new post-recession high. The Labor Day holiday travel period is defined as Thursday, August 29 to Monday, September 2.
“AAA is forecasting a lift in Labor Day travel this year due to the increasingly positive economic outlook and optimism in the housing market,” said AAA President and CEO Robert L. Darbelnet. “For many Americans, their home is also their biggest asset, as home prices improve in many parts of the country more families are feeling comfortable about traveling this Labor Day holiday.”
Highlights from 2013 AAA Labor Day Holiday Travel Forecast include:
Labor Day holiday travelers to total 34.1 million, an increase of 4.2 percent from the 32.7 million who traveled last year
Eighty-five percent of travelers (29.2 million) to travel by automobile, an increase of 4.3 percent from 28 million last year
Holiday air travel expected to increase nearly three percent to 2.61 million.
The largest share of travelers (46 percent) will depart on Friday, August 30
Monday, September 2, is the most popular date of return for holiday trips with 43 percent planning to return that day
The average traveler is expected to travel a round-trip distance of 594 miles and spend $804
“As schools across the nation usher in their next session of students, the Labor Day holiday provides families with the opportunity for one final extended summer weekend getaway,” continued Darbelnet. “AAA reminds drivers as they head out for the holiday and the school year is beginning that safety should remain top of mind. It is important to remain distraction-free and keep their mind on the task of driving.”
Read the entire news release from the AAA newsroom by clicking HERE.