Cheap fuel prices have left many American families flush with spare cash, which they now plan to spend on vacations. And with summertime gas prices predicted to be the lowest in 13 years, the travel industry is looking forward to a blockbuster July and August.
“We’re pretty excited,” said Steve Joyce, CEO of Choice Hotels, which includes Comfort Inn and Econo Lodge. “Last year was a record summer for us. We’re going to be a lot stronger this year.”
The hotel chain is seeing an increase in bookings. And low gas prices throughout the winter means cheaper commutes and more disposable income.
The job market is also giving Americans a reason to take a vacation: The economy created about 2.4 million jobs between last Memorial Day and the end of April Initial data for the Memorial cheap jerseys Day holiday weekend, the start of the travel season, is already signaling a strong summer for the tourism industry.
Enterprise Rent A Car is seeing a 44 percent spike in reservations for the holiday weekend compared to last year.
And AAA, one of the nation’s largest travel agencies and a car lobbying group, is predicting 38 million people will travel for the holiday, the most since 2005.
That’s 700,000 or 1.9 percent more travelers than last year.
The overwhelming majority of Memorial Day travelers http://www.cheapjerseys11.com/ 89 percent plan to go by car. Thats the highest percent of drivers since AAA began tracking holiday travel in 2000.