Traveling this weekend?
- The Memorial Day holiday travel period is defined as Thursday, May 26 to Monday, May 30.
- AAA says that 34.9 million Americans will travel 50 miles or more from home during the Memorial Day holiday weekend
- Average retail gasoline prices are at record highs for this time of year In the US, around $3.91 a gallon. This is up more than $1 from a year ago.
- This is a slight increase of 0.2 percent – or 100,000 travelers – from the 34.8 million people who traveled one year ago.
In Illinois, 1.8 million people will be traveling for the holiday weekend, which is a .2 percent increase over 2010.
- Of those travelers, just over 1.6 million will be driving (a .1 percent decrease from 2010) and just under 113,000 (a nearly 12 percent increase from 2010) will be flying to their destination.
- Gas prices across Illinois are on average $4.17, up from $2.98 from 2010.
In Indiana, just over 754,000 people are expected to travel, which is a .7 percent increase over 2010. Of those, 683,000 are expected to travel by auto (.4 percent increase) and about 47,000 by air (12.3 percent increase).
- In Indiana, gas prices are on average $3.96 per gallon, $1.20 more than this time last year. The average price nationally for gas is $3.91.
Overwhelming majority of Americans to travel by automobile, but down slightly from last year.
Approximately 30.9 million people plan to drive to their destination, a small decline from the 31 million who drove last year.
- In spite of gasoline prices more than a dollar per gallon higher than a year ago, automobile travel continues to be the dominant mode of transportation.
- Almost nine out of ten holiday travelers (88 percent) will take to the nation’s roadways during the Memorial Day holiday weekend.
- A survey of intended travelers found that six out of ten said rising gasoline prices would not impact their travel plans.
- Of the remaining four out of ten travelers who said rising gas prices would impact their travel plans, 70 percent will economize in other areas and the rest will take a shorter trip or travel by an alternate mode of transportation.
- Number of air travelers expected to increase by 11.5 percent-Nearly 2.93 million leisure air travelers (eight percent of holiday travelers) will fly during the holiday weekend, an 11.5 percent increase from last year’s 2.63 million air travelers.
- The remaining three percent of holiday travelers are expected to travel by other modes, including rail, bus and watercraft.
- According to AAA’s Leisure Travel Index, Memorial Day holiday airfares are expected to be 14 percent higher than last year with an average lowest round-trip rate of $201 for the top 40 U.S. air routes.
- Hotel rates for AAA Three Diamond lodgings are expected to increase five percent from a year ago with travelers spending an average of $148 per night compared to $142 last year.
- Weekend daily car rental rates will average $38, just $1 higher than last year.
- Average travel distance up 27 percent; median spending down 14 percent
- According to a survey of traveler intentions, the average distance traveled by Americans during the Memorial Day holiday weekend is expected to be 792 miles, which is 27 percent greater than last year’s average travel distance of 626 miles.
- Air Travel is expected to gain a larger share of overall travel, and is likely the cause of a substantial increase in the average travel distance compared to a year ago.
- Median spending is expected to be $692, a decrease of 14 percent from $809 last year.