AAA projects 93.3 million Americans will journey 50 miles or more from home during the year-end holidays, an increase of 1.6 percent over the 91.8 million people who traveled last year.
Like this article? Sign up to receive our weekly news blasts here.This increase brings holiday travel figures to within half a million of the decade high mark seen during the 2006/2007 season. The year-end holiday travel period is defined as Saturday, Dec. 22 to Tuesday, Jan. 1, 2013.
Highlights from AAA 2012/13 Year-End Holiday Travel Forecast include:
- Year-end holiday travelers to total 93.3 million, an increase of 1.6 percent from the 91.8 million that traveled last year
- Ninety percent of travelers (84.4 million) to travel by automobile, representing 26.7 percent of the total U.S. population
- Holiday air travel expected to increase 4.5 percent to 5.6 million travelers from 5.4 million in 2011
- Median spending expected to increase almost six percent to $759, compared to $718 in 2011 with transportation costs consuming about 29 cents of every travel dollar.
- Average distance traveled to increase to 760 miles round-trip from 726 miles, an expected result with an increase in air travelers
- Travel volumes for the year-end holidays are generally very stable, only once in the past decade has there been a change in travel volume greater than five percent
"The year-end holiday season remains the least volatile of all travel holidays as Americans will not let economic conditions or high gas prices dictate if they go home for the holidays or kick off the New Year with a vacation," said AAA President and CEO Robert Darbelnet. "Primary economic indicators all show modest improvement from last year and AAA is projecting an increase in the number of Americans stuffing their stockings with airline tickets and hotel reservations."
"As we enter the New Year, one unknown for travel is the looming 'fiscal cliff' and the resulting uncertainty related to near-term tax and benefit changes. Having these items unresolved complicates many travelers' ability to develop an accurate household budget as they plan for future spending and saving decisions. It is important that Congress and the President work together to quickly resolve the situation for the good of the nation," said Darbelnet.
AAA estimates the national average price of gasoline will slowly drop through the end of the year and average between $3.20-3.40 a gallon by New Year's Day. Gas prices dropped about 50 cents a gallon on average from September through early December, but remain at record highs for this time of year. AAA does not expect gas prices to have a major impact on travel volume, but consumers could have more money to spend on holiday shopping, dining and entertainment if prices drop through December as expected.
Approximately 90 percent of travelers (84.4 million) plan to travel by automobile this holiday season. This is a 1.3 percent increase over the 83.3 million people who traveled by auto last year. Air travel is expected to increase 4.5 percent as six percent of travelers or 5.6 million will take to the skies.
Those traveling by air will find lower airfares according to AAA's Leisure Travel Index. For the year-end holiday period the average lowest round-trip rate is $203 for the top 40 U.S. air routes, a three percent decrease from last year. Approximately 3.3 million travelers will choose other modes of transportation, including rail, bus and cruise ship.
