CEO DATELINE - Associations say to expect big Memorial Day Weekend
CEO DATELINE - Associations say to expect big Memorial Day Weekend
- May 26, 2016 |
- Walt Williams
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Americans will be driving many miles and spending a lot of money during the three-day Memorial Day weekend this year, according to figures released by various business groups.
Travelers will likely spend $12 billion during their trips this year, a 1.2 percent increase from last year, according to the U.S. Travel Association. Economists forecast that travelers will spend $320 each during their trips.
The downside is those travelers will have to deal with long lines at airport security checkpoints and traffic jams on aging roads, U.S. Travel said.
"What we're seeing is that the demand for travel is greater than ever—but that leads to the question of whether our transportation infrastructure is equipped to support that job-creating activity," U.S. Travel CEO Roger Dow said. "Unfortunately, the overwhelming body of evidence tells us the answer is no." http://bit.ly/27TWgTF
AAA forecasts that 38 million Americans will travel more than 50 miles from home during the Memorial Day weekend, making this year's holiday the second-most-traveled by traffic volume in history. Low gas prices are responsible for the surge in traffic, just as they were in 2005, which was the business Memorial Day weekend on record.
As a result, the American Trucking Associations is warning drivers to stay safe by being mindful of large truck blind spots and not cutting in front of truck drivers, whose rigs are too heavy to make quick stops. http://bit.ly/27TWaeL
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