The Economy and the 2021 AAA Memorial Day Holiday Travel Forecast

FESCH.TV INFORMIERT:

Memorial day weekend travel is typically a reasonable way to gauge the state of the U.S. #economy. This year, #travel plans are up massively compared to 2020. This is true overall, for #automobile, for #airplane and for other forms of #transportation. However, forecasts put all forms of travel down compared to pre-pandemic 2019. People are either #financially unable or choosing not to travel (likely due to the ongoing #covid19pandemic concerns). On the other hand, prices and demand for #gasoline are higher compared to 2019. This suggests that #holiday travel is down because people are choosing not to travel and #memorialdayweekend travel will not be a good gauge of the U.S. economy this year. Data from AAA, IHS Markit and D.K. Shifflet & Associates. #vacation #tourism #cfainstitute #caia #frm

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