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The travel forecast done by IHS Global Insight for AAA
-- one of the nation's largest leisure travel agencies -- is based on interviews with 306 Americans and factors in estimates about the overall health of the economy. In 2012, AAA underestimated the number of people driving on Memorial Day by 400,000. Part of the reason is that its report is prepared more than a month prior to the holiday. Last year, gas prices fell more than 20 cents a gallon during that period. This year, there was a rebound in measures of consumers' confidence in the economy that occurred after the AAA report was finalized, which could indicate a few more Americans will travel than AAA predicts. Another 1.3 million travelers are estimated by AAA to take buses, trains, ferries and other forms of travel, down 12 percent from last Memorial Day.
[Associated
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