Friday, July 03, 2015
Rising income, driven by a strong employment market, is prompting over 40 million Americans to take a Fourth of July trip this year, according to recent AAA projections. Despite some seasonal increases, gas prices remain well below year-ago levels, which has also helped boost Americans' disposable income.“Independence Day is typically the busiest summer travel holiday for this reason, and more Americans are planning a holiday getaway than any year since 2007,” says AAA President Marshall L. Doney.
The all-American road trip remains as popular as ever, with nearly 85 percent of travelers planning to drive to their destinations. Over 3 million travelers will travel by air, and another 3 million-plus will travel by cruise, train or bus, AAA estimates.
According to AAA’s Leisure Travel Index, travelers will encounter moderately higher lodging rates and airfares this Fourth of July weekend, with the average nightly stay in a Two Diamond hotel costing $145 and the average nightly stay in a Three Diamond hotel costing $195. Average airfares for the top 40 domestic flight routes will also be higher at an average of $227.
Source: AAA
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