Will travel this Thanksgiving decline?
Their report, a survey of 1,200 Americans, contradicts AAA’s 2013 Thanksgiving Travel Forecast, released Wednesday, which predicts that both the number of travelers and the cost of travel will decrease this Thanksgiving. The report indicated that 43.4 million Americans will be traveling this year, which would be a 1.5% decrease from 2012. AAA also found a 7% decrease in median spending this Thanksgiving.
AAA Chief Operating Officer Marshall L. Doney cited a slow economic recovery as the reason for the decrease.
“While the economy continues to improve, the sluggish pace of the recovery is creating uncertainty in the minds of some consumers and therefore AAA is projecting a slight decline in the number of Thanksgiving travelers this year,” Doney said in a statement.
While the AAA results differ with TripAdvisor, both surveys indicate that the majority of travelers will be driving to their destination and the Wednesday before Thanksgiving will be the busiest travel day.