According to recent data, travel during this year’s Independence Day weekend is predicted to reach record-breaking numbers. This is largely attributed to the lower gas prices and the thriving economy in the United States.
The American Automobile Association (AAA) estimates that almost 49 million people are expected to travel over the holiday period, marking the highest July 4th travel volume since the organization started recording in 2000. This constitutes a 4.1% increase compared to 2018, adding approximately two million travelers into the mix.
Driving continues to be the primary mode of transportation for Americans, with about 41.4 million people predicted to hit the roads this year. Lower gas prices are anticipated to encourage people to travel by car. As of late June, a gallon of regular gasoline costs an average of $2.71 nationwide, down 11 cents from last year according to data from AAA. The lower prices have encouraged Americans to take a road trip.
According to the AAA’s analysis, Wednesday, July 3, is expected to be the worst day for travel. With many residents hitting popular routes on the eve of Independence Day to reach vacation spots and family, holiday-fueled congestion is likely to build up across the country. Major cities including Atlanta, Los Angeles, New York, and Boston could experience more than three times the delays compared to a typical day.
However, it’s not just the roads that will be bustling; the skies will also be busy during the holiday period. Approximately 3.96 million travelers are expected to fly, a 5.3% increase compared to last year. This increase is being supported by the economic growth, boasting the lowest unemployment rate in almost 50 years, and improving disposable income. ADA predicts that airfares are at their lowest since 2015, providing another incentive for travelers to take to the skies.
Additionally, travel by other modes such as trains, buses and cruise ships is expected to increase by 0.6%. About 3.55 million Americans are anticipated to undertake their voyages via these options. Such an increase adds to the overall tally, pushing the number of travelers to new highs.
Hotels and car rental averages are also seeing an increase. Midrange hotel prices have increased slightly from last year, with AAA Three Diamond hotel prices increased by 2% to an average of $153 per night. Car rental prices have remained stable with an average rental costing $69 per day, the lowest rate in the last four years.
The influence of lower gas prices, a humming economy and increased consumer spending has created a perfect storm for a record-breaking July 4th travel period. As citizens prepare to celebrate their national pride, the travel industry is gearing up for a bustling holiday period.