Seventh consecutive year of growth to result in the most Thanksgiving travelers since 2007AURORA, Ill., Nov. 17, 2015 – AAA Travel forecasts 46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday, a 0.6 percent increase over the 46.6 million people who traveled last year and the most since 2007. With 300,000 additional holiday travelers, this marks the seventh consecutive year of growth for Thanksgiving travel. The Thanksgiving holiday travel period is defined as Wednesday, November 25 to Sunday, November 29.
In Illinois, there will be 2.5 million travelers, a .7 percent increase from 2014, with 2.2 million traveling by auto (up .8 percent from 2014) and about 185,000 traveling by air (a decline of .6 percent from 2014). In Indiana, there will be 1.1 million travelers this year, a 1.1 percent increase from 2014, with 941,000 traveling by auto (a 1.3 percent increase) and 79,000 traveling by air (a .1 percent decrease).
“This Thanksgiving, more Americans will carve out time to visit friends and family since 2007,” said Beth Mosher, director of public affairs for AAA Chicago. “While many people remain cautious about the economy and their finances, many thankful Americans continue to put a premium on traveling to spend the holiday with loved ones.”
Despite improvements in the economy, including steady wage growth, rising disposable income and a falling unemployment rate, consumers remain cautious about their finances. However, gas prices remain well below 2014 levels, providing an early holiday bonus to the more than 89 percent of holiday travelers who will drive to their destinations.
“One holiday gift has come early this year. Americans will likely pay the lowest Thanksgiving gas prices since 2008. Lower prices are helping boost disposable income, and enabling families to kick off the holiday season with a Thanksgiving getaway,” continued Mosher.
Driving remains most popular mode of travel for Thanksgiving
Nearly 42 million Americans will take a holiday road trip this Thanksgiving, an increase of 0.7 percent over last year. Air travel is expected to increase by 0.1 percent, with 3.6 million Americans flying to their holiday destinations. Travel by other modes of transportation, including cruises, trains and buses, will decrease 1.4 percent this Thanksgiving, to 1.4 million travelers.
Lowest Thanksgiving gas prices in seven years expected
Drivers nationwide continue to experience significant yearly savings in the price of gas and AAA estimates that consumers are saving nearly $265 million on gasoline every day compared to a year ago. This has helped boost disposable income, enabling many Americans to travel this Thanksgiving. Illinois and Indiana drivers will pay the lowest Thanksgiving gas prices since 2008. Today’s average price for a gallon of gasoline is $2.17 in Illinois and $2.02 in Indiana, which are respectively $.83 and $.90 less less than the average price on Thanksgiving last year.
Airfares fall, hotel and car rental rates rise modestly
According to AAA’s Leisure Travel Index, airfares are projected to decrease 10 percent this Thanksgiving, landing at an average of $169 roundtrip across the top 40 domestic flight routes. Rates for AAA Three Diamond Rated lodgings are expected to remain relatively flat, with travelers spending an average of $155 per night. The average rate for a AAA Two Diamond Rated hotel has risen four percent with an average nightly cost of $118. Daily car rental rates will average $60, eight percent higher than last Thanksgiving.
#AAAToTheRescue for thousands of motorists this Thanksgiving
AAA expects to rescue more than 360,000 motorists this Thanksgiving, with the primary reasons being dead batteries, flat tires and lockouts. AAA recommends motorists check the condition of their battery and tires before heading out on a holiday getaway. Also, have vehicles inspected by a trusted repair shop, such as one of the nearly 7,000 AAA Approved Auto Repair facilities across North America. Members can download the AAA Mobile app, visit AAA.com or call 1-800-AAA-HELP to request roadside assistance.
AAA’s projections are based on economic forecasting and research by IHS Global Insight. The Colorado-based business information provider teamed with AAA in 2009 to jointly analyze travel trends during major holidays. AAA has been reporting on holiday travel trends for more than two decades. The complete AAA/IHS Global Insight 2015 Thanksgiving holiday travel forecast can be found here.