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What recession? Memorial Day travel is set to break records, AAA says

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The U.S. travel business may be in for some good news, for a change: AAA forecasts that a record number of Americans have plans for domestic travel during the upcoming Memorial Day weekend, with 45.1 million people planning to hit the road or catch a flight.
The article from Yahoo News discusses the anticipated high travel volume during the Memorial Day weekend, despite economic concerns about a potential recession. AAA predicts that 42.3 million Americans will travel at least 50 miles from home, marking a 7% increase from the previous year and approaching pre-pandemic levels. This surge in travel is attributed to pent-up demand and a strong desire to reconnect with family and friends. Despite rising costs and economic uncertainty, the travel industry is expected to see significant activity, with air travel up by 11% and other modes like cruises and trains also seeing increased bookings. The article suggests that while economic indicators may signal caution, consumer behavior during this holiday weekend reflects a different sentiment, prioritizing travel and social connections.

Read the Full Quartz Article at:
[ https://www.yahoo.com/news/recession-memorial-day-travel-set-142500652.html ]