Finance

Thanksgiving travel expected to be at highest level in 12 years

Thanksgiving travel expected to be at highest level in 12 years

According to AAA, of those traveling to see family and friends during Thanksgiving, about 2.3 million Floridians will get there via road trip.

This a 3.3 percent increase from last years projections, which will bring 1.6 million more people on to the nation's roads, skies, rails and waterways compared with last year. It almost matches the nationwide jump of those leaving home for the holiday.

More than 50 million Thanksgiving revelers are expected to hit the road this year, marking the holiday's busiest travel weekend since 2005, according to AAA's annual travel forecast released Thursday.

"A strong economy and labor market are generating rising incomes and higher consumer confidence, fueling a strong year for the travel industry, which will continue into the holiday season", Mitchell Meade said.

Nationwide, 51 million people will be traveling between November 22-26, AAA predicts.

Some 45.5 million United States road-trippers will set off to grandma's house and other destinations during the Thanksgiving holiday, the highest volume seen nationwide since 2005. "Oil prices reached 2-year highs last week, causing the sudden jump at the pump". Prices surged 13 cents in three days earlier this month. "Most people have already made their travel plans, and will not cancel them for moderate shifts in gas prices". Previous year on Thanksgiving Day, the average price for a gallon of regular in Florida was $2.10.




The Thanksgiving holiday travel period is defined as Wednesday, Nov. 22 to Sunday, Nov. 26.

Meanwhile, Thanksgiving travelers who fly this holiday are expected to pay the lowest fares in five years for round-trip tickets on the top 40 domestic routes.

And auto rentals are averaging $70 per day, 34 percent above past year and the highest rate for a Thanksgiving weekend since 2013.

The 1.46 million Michiganders planning a Thanksgiving road trip represents a 3.3 percent increase over past year.

Orlando is the No. 1 Thanksgiving destination, followed by Anaheim, California, New York City, Honolulu and Las Vegas.