AAA projects 55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. This year’s Thanksgiving forecast is an increase of 2.3% over last year and marks the third-highest Thanksgiving forecast since AAA began tracking holiday travel in 2000. The top two years were 2005 and 2019, respectively.
“For many Americans, Thanksgiving and travel go hand in hand, and this holiday, we expect more people on the roads, skies and seas compared to 2022,” said Paula Twidale, SVP, AAA Travel. “Travel demand has been strong all year, and AAA’s Thanksgiving forecast reflects that continued desire to get away and spend time with loved ones.”
Most Thanksgiving travelers will drive to their destinations. AAA projects 49.1 million Americans will get behind the wheel, an increase of 1.7% compared to 2022. Drivers could be paying less for gas than last Thanksgiving when the national average was $3.58. This year, the national average peaked in mid-August at $3.87 and has been coming down since, despite global tensions causing ripples through the oil market.
AAA expects 4.7 million people will fly over Thanksgiving, an increase of 6.6% compared to 2022 and the highest number of Thanksgiving air travelers since 2005. Tuesday and Wednesday before Thanksgiving are the busiest air travel days ahead of the holiday and the most expensive. While Sunday is typically the busiest day to return home, AAA data shows Monday is also a popular day to fly back after Thanksgiving.
The number of people traveling by cruise, bus and train over Thanksgiving is up nearly 11% over last year. AAA expects 1.55 million travelers will head out of town using these other modes of transportation, which took a huge hit during the pandemic but have rebounded nicely. The cruise industry, in particular, has made a remarkable comeback, Twidale added. Thanksgiving cruises are mostly sold out, with many travelers looking to spend the holiday at sea.
Holiday booking prices
This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The one exception is airfare, which is slightly more expensive for domestic flights this season and a bit lower for international flights. Here’s a breakdown of average booking prices for November and December, according to AAA data:
Hotels
The average price for a domestic hotel stay is $598, down 12% from 2022.
The average price for an international hotel stay is $772, up 5% from last year.
Flights
The average price for a domestic flight is $681, up 5% from 2022.
The average price for an international flight is $1,231, down 5.7% from last year.
Rental cars
The average price for a domestic rental car reservation is $590, down 20% from 2022.
The average price for an international rental car reservation is $696, up 9% from last year.
Cruises
The average price for a domestic cruise is $1,507, down 12% compared to 2022.
The average price for an international cruise is $2,902, up 24% from last year.
Tours
The average price for a domestic tour is $1,058, down 15% compared to 2022.
The average price for an international tour is $1,208, up 21% from last year.
