Borger News-Herald

Texas Memorial Day Travel Volume Slightly Above Pre-Pandemic Levels as Demand Soars

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3.5 million Texans expected to travel, second highest Memorial Day holiday travel volume since 2000

AAA Texas projects 3.5 million Texans will travel 50 miles or more from home this Memorial Day weekend, a seven percent increase over 2022 and the second highest total volume for Texas since AAA began tracking Memorial Day travel data in 2000. Across the country, there will be a similar increase in total travel volume with 42.3 million Americans expected to venture 50+ miles away from home.

TX 2023 MEMORIAL DAY HIGHLIGHTS

“Memorial Day kicks off what will be a very busy summer travel season despite higher prices. With internatio­nal booking volumes exceeding 200 percent above last year, time is running out to make preferred accommodat­ions at popular destinatio­ns this summer,” said Galen Grillo, AAA Texas Vice President and General Manager. “AAA Texas encourages working with a travel advisor as they can provide expert planning advice and offer peace of mind should there be any changes during your trip.”

2023 memorial day travel forecast US

An estimated 287,000 Texans are expected to fly to their destinatio­ns this Memorial Day, that’s an increase of 13 percent over last year. On a national scale 3.4 million travelers are expected to fly to their destinatio­ns this Memorial Day, that’s an increase of 11 percent over last year. Air travel over the holiday weekend across the country is projected to exceed pre-pandemic levels, with 170,000 more passengers – or 5.4 percent more – than in 2019. Despite high ticket prices, demand for flights is skyrocketi­ng. This Memorial Day weekend could be the busiest at airports since 2005 in terms of domestic round-trip leisure travelers.

Memorial Day road trips are up 6 percent over last year in Texas with three million expected to drive to their destinatio­ns. Across America, 37.1 million will drive to their destinatio­ns, an increase of more than two million. Gas prices are lower this holiday compared to last year, when the national average was more than $4 a gallon. Despite the lower prices at the pump, car travel this holiday will be shy of pre-pandemic numbers by about 500,000 American travelers.

More people this holiday are taking other modes of transporta­tion, like cruises, buses and trains. These travelers are expected to total 1.9 million with 148,000 Texans expected to use these travel methods. This is an increase of more than 20 percent over 2022.

Most and Least Congested Times to Travel

Memorial Day 2023 Best and Worst Times to Travel

Memorial Day 2023 peak congestion

INRIX, a provider of transporta­tion data and insights, expects Friday, May 26 to be the busiest day on the roads during the long Memorial Day weekend. The least congested times to travel by car are in the morning (except rush hour) or evening after 6 p.m. The lightest traffic days will be Saturday and Sunday. Major metro areas like Boston, New York, Seattle, and Tampa will likely see travel times double compared to normal. To avoid drowsy driving, AAA Texas recommends drivers travel when they are normally awake, get plenty of sleep and take a break at least every two hours or 100 miles.

Top Destinatio­ns AAA booking data for the Memorial Day weekend shows tourist hotspots like Orlando, New York City, and Las Vegas are top domestic destinatio­ns. Cruise port cities in Florida and Alaska, as well as Seattle, are high on the list given the 50 percent increase in domestic cruise bookings compared to last year. Other popular U.S. cities this Memorial Day include Denver, Boston, Anaheim, and Canton, Ohio – home of the Pro Football Hall of Fame.

Travelers are paying more for Memorial Day trips this year, in large part due to the rising cost of airline tickets. AAA booking data shows a 40 percent increase in airfare to this year’s Top Destinatio­ns. But that’s not stopping travelers from booking flights abroad. Internatio­nal travel is surging with bookings 250 percent higher this holiday weekend compared to 2022. European cities are the most popular, including Rome, Paris, Dublin, London, Barcelona, and Athens. Internatio­nal car rentals are up more than 80 percent over 2022. AAA reports strong sales for Internatio­nal Driving Permits this year, almost double what they were last year. The passport courier service Rush

MyPassport is also seeing an unpreceden­ted number of applicatio­ns for expedited passport and visa services this year.

Second Highest Travel Volume for Memorial Day in Texas

The automobile remains the primary mode of travel in 2023, a year which is estimated to have the second highest total travel volume for Memorial Day weekend in Texas since 2000. Roadways will be busy this year, just shy of the record set in 2005 when 3.6 million people traveled for the holiday. It’s another indicator that travel has seen a major rebound following the COVID-19 pandemic. Far from the top 5 years for Texas Memorial Day travel volume, in 2020 approximat­ely 1.9 million Texans traveled, resulting in the lowest Memorial Day since 2000. Prior to 2020, Memorial Day 2009 was the lowest year for travel volume over the holiday period. Holiday Forecast Methodolog­y

In cooperatio­n with AAA, S&P Global Market Intelligen­ce developed a unique methodolog­y to forecast actual domestic travel volumes. The economic variables used to forecast travel for the current holiday are leveraged from S&P Global Market Intelligen­ce’s proprietar­y databases. These data include macroecono­mic drivers such as employment, output, household net worth, asset prices including stock indices, interest rates, housing market indicators, and variables related to travel and tourism including gasoline prices, airline travel, and hotel stays. AAA and S&P Global Market Intelligen­ce have quantified holiday travel volumes going back to 2000.

Historical travel volume estimates come from DK SHIFFLET’s TRAVEL PERFORMANC­E/ MonitorSM. The PERFORMANC­E/MonitorSM is a comprehens­ive study measuring the travel behavior of U.S. residents. DK SHIFFLET contacts over 50,000 U.S. households each month to obtain detailed travel data, resulting in the unique ability to estimate visitor volume and spending, identify trends, and forecast U.S. travel behavior —all after the trips have been taken.

The travel forecast is reported in person-trips. In particular, AAA and SPGMI forecast the total U.S. holiday travel volume and expected mode of transporta­tion. The travel forecast presented in this report was prepared the week of April 17, 2023.

Memorial Day Holiday Travel Period

For purposes of this forecast, the Memorial Day holiday travel period is defined as the fiveday period from Thursday, May 25 to Monday, May 29. The five-day holiday length is consistent with previous holiday periods.

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