Travelers to spend $12B over Memorial Day weekend

Travelers to spend $12B over Memorial Day weekend

Those traveling over Memorial Day weekend are expected to spend a total of $12 billion during their trips, which would be 1.2 percent more than last year’s holiday weekend, according to the U.S. Travel Association.

About 38 million Americans are estimated to be traveling 50 miles or more this holiday weekend, the second-highest Memorial Day travel volume on record and the most since 2005.

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The majority of travelers will take road trips, spending a total of $220 each, but air travelers are expected to spend an average of $990, according to the U.S. Travel Association.

Travel advocates say that although the predictions are good news for the economy, they also acknowledge that a surge of travelers could further overwhelm long airport security lines and congested highways.

“What we're seeing is that the demand for travel is greater than ever — but that leads to the question of whether our transportation infrastructure is equipped to support that job-creating activity," said Roger Dow, president and chief executive officer of the U.S. Travel Association. "Unfortunately, the overwhelming body of evidence tells us the answer is no."

The group is expected to release research later this week about whether growing airport wait times around the country will impact people’s desire to fly.