According to AAA's 2015 Thanksgiving travel forecast, 46.9 million Americans will journey at least 50 miles from home over the Thanksgiving holiday, a 0.6 percent increase (300,000 additional travelers) over the 46.6 million people who traveled last year and the most Thanksgiving travelers since 2007.
AAA says that this marks the seventh consecutive year of growth for Thanksgiving travel.
"This Thanksgiving, more Americans will carve out time to visit friends and family since 2007," said Marshall Doney, AAA President and CEO. "While many people remain cautious about the economy and their finances, many thankful Americans continue to put a premium on traveling to spend the holiday with loved ones."
Despite improvements in the economy, AAA says that consumers remain cautious about their finances. However, gas prices this year are expected to be the lowest they've been during Thanksgiving week in seven years, providing an early holiday bonus to the more than nearly 42 million travelers who will drive to their holiday destinations.
"One holiday gift has come early this year. Americans will likely pay the lowest Thanksgiving gas prices since 2008. Lower prices are helping boost disposable income, and enabling families to kick off the holiday season with a Thanksgiving getaway," continued Doney.
AAA expects air travel to increase by 0.1 percent this year, with 3.6 million Americans flying to their Thanksgiving destinations. Travel by other modes of transportation, including cruises, trains and buses, is expected to decrease 1.4 percent this Thanksgiving to 1.4 million travelers.
The Thanksgiving holiday travel period this year is defined as Wednesday, November 25 through Sunday, November 29.