If you’re planning to travel over the Fourth of July holiday, you apparently are not alone. There are going to be a lot of Americans taking a trip over the holiday.
According to the American Automobile Association (AAA), 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday.
AAA reports that domestic travel over the long weekend will increase by 2.1 million people compared to 2022. This year’s projection surpasses the previous July 4th weekend record set in 2019 of 49 million travelers.
“We’ve never projected travel numbers this high for Independence Day weekend,” said Paula Twidale, Senior Vice President of AAA Travel. “What this tells us is that despite inventory being limited and some prices 50 percent higher, consumers are not cutting back on travel this summer. Many of them heeded our advice and booked early, another sign of strong travel demand.”
AAA reported the July 4th weekend is expected to set a new record for the number of Americans traveling by car for the holiday. AAA expects 43.2 million people will drive to their destinations, an increase of 2.4 percent over 2022 and four percent higher than 2019. This summer, gas prices are well below what they were one year ago. The national average for a gallon of regular was $4.80 on July 4th, 2022. Gas prices have remained steady the past couple of months, with the national average hovering around $3.50 to $3.60 a gallon, thanks to the lower cost of oil.
Air travel is also expected to set a new record. AAA projects 4.17 million Americans will fly to their destinations on Independence Day weekend, an increase of 11.2 percent over 2022 and 6.6 percent over 2019. The previous July 4th weekend air travel record of 3.91 million travelers was set in 2019. The share of air travelers in the overall holiday forecast this year is an impressive 8.2 percent – the highest percentage in nearly 20 years.
Other modes of transportation are also on the rise this year. AAA expects 3.36 million people will travel by bus, cruise, or train over the long weekend, an increase of 24 percent over last year. While more travelers are turning to these modes this year, the number is not expected to surpass 2019’s total of 3.54 million.
You can read more of the AAA report here.