For many, Labor Day Weekend symbolizes the last “hoo-rah” of the summer. And this year people from all over are celebrating by getting out of town and traveling – as they should! This year especially, many Americans will be traveling 50 miles or more for the holiday. According to AAA, that number is projected to reach 35.5 million! This is the highest travel volume since 2008 and a one percent increase over 2014.
An article found in The Business Wire entitled, Over 35 Million Traveling for Labor Day Says AAA, Highest Travel Volume Since 2008, explains, “While the majority of travelers (30.4 million, 86 percent of all travelers) will celebrate the holiday with a final road trip before summer comes to a close, air travel is also projected to grow 1.5 percent this holiday.” This is 7.4 percent of travelers or over 2.6 million traveling by air, making it the greatest number of air travelers since 2007 for this holiday travel period; This period being defined as the time between Thursday, September 3 to Monday, September 7. We’re happy to hear that more people are taking to the skies to enjoy their long weekend off of work to unwind!
AAA is attributing some of this air travel influx to a decrease in airfare prices. In the aforementioned article we read, “Airfares are down 1 percent, with the average round-trip discounted fare for the top 40 U.S. routes costing $216, down from $219 last year.” In addition, “Rising wages and falling gas prices have helped boost disposable income, which has risen 3.5 percent over last year.” The combination of increased expendable income and decreased airfare allows more Americans to use this method of transportation this holiday weekend. “A strong labor market coupled with greater job security and rising home prices have all helped to increase disposable income,” said AAA Chicago spokesperson Beth Mosher. “[ … ] These positive indicators are driving a slight increase and allowing millions of Americans to travel on one last summer getaway.”
In other words, prices are down, travel is up and we couldn’t be more excited to get out of town on this last weekend of summer!
After all, travel is the only thing you buy that makes you richer! #FlyBGM