39.3 Million Americans to Travel Memorial Weekend, Most in 12 Years

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According to the American Automobile Association, over 39.3 million Americans will travel 50 miles or more away from home this 2017 Memorial Day weekend. That is one million more travelers than last year taking to the roads, skies, rails and water, creating the highest Memorial Day travel volume since 2005.

"The expected spike in Memorial Day travel mirrors the positive growth seen throughout the travel industry this year," said Bill Sutherland, AAA senior vice president, Travel and Publishing. "Higher confidence has led to more consumer spending, and many Americans are choosing to allocate their extra money on travel this Memorial Day."

Travelers still hitting the road despite higher gas prices

While AAA expects most U.S. drivers will pay the highest Memorial Day gas prices since 2015, the vast majority of holiday travelers (88.1 percent) are still planning to hit the road. Automobile travel will grow by 2.4 percent this Memorial Day, with 34.6 million Americans planning a holiday road trip. The national average price for a gallon of gas today is $2.34, 11 cents more than last year.

More Americans are planning to rent cars for their holiday road trips this year. AAA's car rental bookings are 19 percent higher than last Memorial Day. According to Hertz, the busiest day for car rental pick-ups is expected to be Friday, May 26, based on last year's data.

Large increases in flying and travel by other modes this Memorial Day

While road trips continue to reign supreme for Memorial Day, more Americans will fly, ride the train or bus, or take a cruise vacation compared to last year. Air travel is expected to increase 5.5 percent over last year, with 2.9 million Americans taking to the skies this Memorial Day. Travel by other modes of transportation, including cruises, trains and buses, will increase 2.9 percent, to 1.75 million travelers.

Airfares, hotel and car rental rates on the rise

According to AAA's Leisure Travel Index, average airfares for the top 40 domestic flight routes will be 9 percent higher this Memorial Day, with an average round trip ticket landing at $181. Hotel costs have also increased since last Memorial Day, with the average AAA Three Diamond Rated hotel costing $215, or 18 percent more than last year. Daily car rental rates will average $66, which is 7 percent more than last year.

AAA to rescue more than 330,000 motorists this Memorial Day

AAA expects to rescue more than 330,000 motorists this Memorial Day weekend, with the primary reasons being lockouts, flat tires and battery-related issues.