Road Trips Heat Up for Holiday - Travel News

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Travel » Road Trips Heat Up for Holiday

Road Trips Heat Up for Holiday

Add to Favorites:
Road Trips Heat Up for Holiday

Fill up the tank and check the oil: with the Fourth of July holiday right around the corner, many Americans are getting ready to go on a road trip. Between Wednesday, July 2, and Sunday, July 6, nearly 35 million people will travel at least 50 miles from home by automobile, according to the AAA Independence Day Holiday Travel Forecast.

Of the 41 million people leaving town over the holiday, more than eight in ten are are traveling by car. That’s the highest rate of July 4th road-trippers reported by AAA since 2007.

Gas prices might edge up before the holiday, but people who are going on vacation have already largely made their plans and drawn up their budgets. If prices at the pump eat into that budget, travelers will cut back on spending in other areas. At a current average of $3.68, fuel prices are up over last year already. On July 4 last year the average price-per-gallon was $3.48.

Credit cards at the ready

People’s plans to spend a little more on vacation this year doesn’t mean they are making more money. Rather, they are more willing to put expenses on credit cards. For four of the past five years, Fourth of July travel volume has increased. And more people travel for Independence Day than for Memorial Day – to the tune of five million extra.

AAA regional president Brad Roeber said that an improved economic outlook “has spurred increased consumer confidence and spending. Optimistic Americans are more willing to take on debt this year.”

Airfares sink, hotel rates rise

According to AAA, airfares are 5% lower this year than last year, with an average round-trip discount flight ringing up at $215, compared with $228 last year.

Hotels with the AAA Two Diamond rating are 15% more expensive, at an average cost of $137 a night. AAA Three Diamond-rated hotel rates will be 9% higher than in 2013, with an average cost of $178 per night compared to $164 per night last year. Rental car rates are consistent with last year’s prices, costing an average of $58 per day.

In spite of lower airfares, fewer folks are flying this year than last. Air travel is projected to dip by 0.6%, from 3.12 million in 2013 to 3.1 million this year.

The AAA Independence Day Holiday Forecast is based on research and economic forecasting done by Colorado-based company IHS Global Insight. AAA has been putting out holiday travel forecasts for over 20 years.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

More Travelers Hitting the Road this Memorial Day
More Travelers Hitting the Road this Memorial Day

Posted: May 20, 2014

After a long winter of being cooped up, people are more than ready to welcome the official start of summer with a Memorial Day road trip. Continue reading
Vacation Stress Can Take the Fun Out of Travel
Vacation Stress Can Take the Fun Out of Travel

Posted: May 22, 2014

Parents are looking to give their kids some summer fun with family getaways and vacations, but according to a new study the stress of planning the perfect vacation is taking its toll. Continue reading
Americans Plan to Stick Close to Home this Summer
Americans Plan to Stick Close to Home this Summer

Posted: May 30, 2014

Three-quarters of Americans are planning to go on vacation this summer but most of them won’t venture too far from home, according to the latest American Express Spending and Saving Tracker. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 30,000 bonus points after you spend $1,000 on purchases within the first 90 days
For Excellent Credit
Earn 30,000 American Airlines AAdvantage® bonus miles after making $1,000 in purchases within the first 3 months of account opening*
For Excellent, Good Credit