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Staying Home for Labor Day
After reminding themselves that three-and-a-half dollars is still a lot to pay for a gallon of gas, many Americans have decided to stay near home instead of hitting the road during the Labor Day holiday. The staying at HQ thing is nothing new. The number of people on the road was significantly down during both Memorial Day and July 4th. AAA did the math and predicted a 1% drop in auto travel over Labor Day and an even more significant 4.5% drop in air travel compared to last year. But there was good news for train and bus companies, the new dynamic duo of travel. According to AAA's survey, the ridership on these modes of transit will rise more than 12%.
Many people will just be staying at home, opting for a barbecue and a soak in their kids' inflatable pool. I guess people will just have to look towards Thanksgiving and the New Year for a better travel climate. Right?
According to Farecast, airline tickets will be 35% more expensive this holiday season than the 2007 holidays. Looks like the trend of staying home isn't going to go anywhere.
Filed under: Transportation, News
