There won’t be as many Americans hitting the road this Memorial Day weekend according to AAA projections, but there will still be a lot of travelers.
Just under 35 million Americans will travel 50 miles or more from home over the holiday weekend according to AAA, down about one percent from 2012. Nearly 90% will travel by vehicle. Air travel is expected to decrease. Median spending will also be down as travelers look for ways to save. The Memorial Day travel period runs from May 23-27.
Jenny Robinson of AAA Mid Atlantic says that while gas prices may be lower in most places than they were last Memorial Day weekend, there are economic factors affecting travel. She says the labor force participation rate fell to a 30 year low in March. She says pent up demand also pushed up travel in recent years and much of that demand may have been met.
Visiting friends and family and dining out are the top activities for the holiday weekend. People also plan to go shopping, visit the beach or go touring and sightseeing over the long holiday weekend.