Labor Day travel expected to hit 5-year high

Labor Day travel expected to hit 5-year high

Bloomberg: Consumer confidence is expected to boost the number of Americans traveling for the Labor Day weekend to a five-year high.

People taking trips of 50 miles (80 kilometers) or more from home will increase to 34.1 million from 32.7 million last year, AAA, the biggest U.S. motoring organization, said in its annual outlook. That’s the highest level since a record 45.1 million travelers five years ago. The long weekend runs from Aug. 29 to Sept. 2.

“Consumers are the most upbeat they have been since early 2008,” according to AAA, which cited economic optimism fueled in part by a strengthening housing market.

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