As Thanksgiving approaches, families across the U.S. are bracing for rising costs at the dinner table. But for those traveling by car, there’s a bit of good news: the journey home this year may not break the bank.
Despite inflationary pressures on groceries, road trips are becoming more appealing. According to AAA, nearly 80 million Americans are expected to travel this Thanksgiving, a 1.7 million increase from last year. Of these, 71 million will hit the roads, taking advantage of lower gas prices. AAA predicts the national average gas price could dip below $3 a gallon for the first time since 2021. Last Thanksgiving, the average price was $3.26.
“Thanksgiving is the busiest holiday for travel, and this year we’re expecting to set new records across the board, from driving to flying and cruising,” said Stacey Barber, vice president of AAA Travel Services.
While road travel offers some financial relief, the skies tell a different story. Airfares for domestic travel average $284 this year, up 9% from 2023, while international flights are about 20% costlier. Travel site Hopper attributes these increases to strong demand and reduced air traffic controller staffing, which could particularly impact airports in the Northeast. Hayley Berg, Hopper’s lead economist, notes that prices will likely surge as Thanksgiving nears.
Airlines, however, are preparing for the influx. They’ve scheduled 5% more seats this Thanksgiving compared to last year. Still, disruptions may occur, especially at major hubs like Atlanta, Dallas-Fort Worth, Denver, Los Angeles, and Chicago-O’Hare. The Transportation Security Administration expects to screen 18.3 million passengers between November 26 and December 2, a 6% increase from 2023.
For many, inflation is reshaping holiday plans. Bankrate reports that 83% of travelers are adjusting their trips due to rising costs. Families are shortening trips, seeking budget accommodations, or choosing low-cost activities to stay within budget.
But not everyone is cutting back on travel, even if it means forgoing traditional celebrations. Amy Knebel Larsen, a 44-year-old from Sacramento, California, is one such traveler. This year, her family of four is skipping the turkey and heading to Tulsa, Oklahoma, for her 8-year-old son Nathan’s BMX National Championship race.
Amy and her husband booked Southwest Airlines flights early to avoid the holiday price surge. They even planned layovers in Phoenix and Las Vegas, ensuring smooth travel and safeguarding Nathan’s prized BMX bikes.
This marks the third year the Larsens are trading stuffing and mashed potatoes for cheering at a racetrack. Yet, Amy has no regrets.
“Thanksgiving isn’t about the food or the day,” she says. “It’s about being with the people you love. Whether we’re at a dining table or a race, that’s what truly matters.”
For millions, Thanksgiving 2024 will bring its share of challenges, but the spirit of togetherness continues to shine through.
