AAA Colorado expects about one quarter of the U.S. population, 87.7 million Americans, to travel 50 miles or more away from home during the year-end holidays. Last year, only 84.5 million Americans traveled during the same time period.
It’s yet another sign that consumers are gaining confidence in the economy.
Eighty-eight percent of holiday season vacationers are expected to travel by automobile, while 5 percent will likely choose airlines. Because gasoline prices are below $3 per gallon, the increase in fuel prices – $.50 more per gallon than during November 2008 – are not expected to affect travel plans.
Within the Mountain region – Colorado, New Mexico, Arizona, Nevada, Idaho and Montana – about 32.5 percent of the population, 7.3 million people, will travel for the year-end holidays. Of this number, 76 percent are expected to travel more than 400 miles round-trip.
Forecasts were conducted by IHS Global Insight and AAA.