Transport ETFs, Stocks To Ride On Record Thanksgiving Travel
Zacks Investment Research | Nov 20, 2019 10:10PM ET
Thanks to strong economic fundamentals, strong consumer spending, higher wages and increasing levels of household wealth, a higher number of Americans are gearing up for Thanksgiving travel by road or air. The frenzy for trips during the Thanksgiving weekend is far more than many other years.
According to travel service provider American Automobile Association (AAA), Thanksgiving holiday travel will be the second highest, trailing the record set in 2005. More than 55 million Americans will travel 50 miles or more this Thanksgiving weekend (Nov 27-Dec 1), up 2.9% from last year. Of them, 49.3 million (up 2.8% from the last year) will go on road trips, 4.45 million (up 4.6%) will fly, and the remaining 1.49 million (up 1.4%) will travel by train, bus or cruise (read: Zacks Investment Research
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