AAA forecasts 107.3 million Americans will take to planes, trains, automobiles and other modes of transportation during the year-end holiday period from Saturday, Dec. 23 through Monday, Jan. 1. This will be the highest year-end travel volume on record and a 3.1 percent increase in travel volume compared with last year.
2017 marks the ninth consecutive year of rising year-end holiday travel. Since 2005, total year-end holiday travel volume has grown by 21.6 million, an increase of more than 25 percent.
“More expensive gas prices are not swaying holiday revelers to stay home,” said Bill Sutherland, AAA senior VP of travel and publishing. “In fact, across the board this year, travel has increased year-over-year for every major holiday weekend – Memorial Day, Independence Day, Thanksgiving – and we project the same for the year-end holiday period. We’ve seen the strong economy and growing consumer confidence fuel holiday travel all year long.”
For the 97.4 million Americans traveling by automobile, INRIX, a global transportation analytics company, in collaboration with AAA, predicts travel times during the holiday week could be as much as three times longer than the normal trip.
The 90 percent of holiday travelers choosing to drive will find the most expensive year-end gas prices since 2014.
This December’s national average price is $2.47, which is 28 cents more than last December. The good news is that AAA does expect the average to drop at least another five cents by year-end, saving motorists a few pennies at the pump.