AAA projects nearly 43 million Americans will travel this Independence Day weekend. This represents the highest fourth of July travel volume on record and five million more travelers compared to Memorial Day weekend. The holiday travel period is defined as Thursday, June 30 to Monday, July 4.
U.S. drivers have saved about $20 billion on gasoline so far this year compared to the same period in 2015, which has made travel more affordable than in recent years. A more confident consumer and rising economic activity also are offsetting a cooling labor market to help boost holiday travel.
Eighty-four percent of holiday travelers – more than 36 million people – will drive to their Independence Day destinations, an increase of 1.2 percent over last year. Air travel is expected to increase 2.2 percent over last year, with 3.3 million Americans taking to the skies this Independence Day.
Travel by other modes of transportation, including cruises, trains and buses, will increase two percent to 3.3 million travelers. Most of those travelers are expected to fill cruise cabins and AAA’s holiday cruise bookings are 35 percent higher than last Independence Day.
Airfares and hotel rates lower than last Independence Day
According to AAA’s Leisure Travel Index, average airfares for the top 40 domestic flight routes will be nine percent less this Independence Day, with an average roundtrip ticket costing $207. Hotel costs have fallen slightly compared to last Independence Day. AAA Three Diamond Rated hotels will average $185, while a AAA Two Diamond Rated hotel will average $144 nightly. Daily car rental rates will average $75, six percent more than last year.