AAA Makes Positive Memorial Day Forecast

WASHINGTON, DC–Despite gasoline prices above $4 a gallon in many regions and a slight decrease in car travel, the American Automobile Association forecasts that nearly 35 million Americans will travel on the upcoming Memorial Day weekend.

This bodes well for the lodging industry because more holiday weekend travel translates into more hotel bookings.

However, travelers are expected to compensate for higher fuel costs by cutting back on other areas of their travel budgets, the AAA said. This could mean booking a lower-priced category of hotel or trimming the budget for restaurant meals.