AAA Travel projects 34.1 million Americans will journey 50 miles or more from home during the upcoming Labor Day holiday, a 4.2 percent increase from the 32.7 million people who traveled last year.
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.
"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."
The Labor Day holiday travel period is defined as Thursday, August 29 through Monday, September 2.
Highlights from the 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.