WASHINGTON, D.C. -- Millions of Americans will be heading home Monday after enjoying the long Labor Day weekend.
More than 34 million Americans traveled at least 50 miles from home, a four-percent increase from last year, according to the American Automobile Association.
Analysts said they believe the increase in holiday travel can be linked to an uptick in the economy as well as optimism about the housing market.
“AAA is forecasting a lift in Labor Day travel this year due to the increasingly positive economic outlook and optimism in the housing market,” said AAA President and CEO Robert L. Darbelnet. “For many Americans, their home is also their biggest asset, as home prices improve in many parts of the country more families are feeling comfortable about traveling this Labor Day holiday.”
AAA also concluded that 85 percent of travelers went by automobile this year. Air travel was expected to increase nearly three percent over 2012, to 2.61 million.