Thanksgiving emerges as busiest holiday ever for Americans: Here's why

Thanksgiving Day has become most profitable to transport companies and airlines, with people going out on a Holiday has increased from the last year.

Travelers traveling for holidays

Thanksgiving Day has become the most profitable holiday for transport companies and airlines as people going on holidays have increased since last year. According to the new report by AAA and IHS forecast, there is a surge in the number of American travellers from 49.3 million in 2016 to 50.9 million this year.

There is an average annual growth of 3.4 percent this time. Moreover, this year Americans will be travelling to 50 miles or more than that for holidays, which is the highest number in 12 years.

The study also predicts that 2.6 million Floridian travellers, who will be taking part in holiday trekking, have increased from last year.The reason behind the rise in the percentage of Americans taking breaks on the national holiday is the vigorous growth in the economy that is supported by a solid momentum for employment, real disposable income, and household asset values.

This helps in fuelling the Americans to maintain their level of spending lumpsum of dollars on holiday travels.

Among the various ways of transportation, road trips cost more than the other types of the transport system, because of the increase in regular unleaded gas in the Bradenton – Sarasota region, which has risen from $2.50 from $2.08.

Car rental rates and hotels are also higher than last year but the catch is the decrease in the average airfares for the popular routes within US region which is very costly usually.

According to AAA's Leisure Travel Index, the travellers travelling by airways pay the lowest average fare in five years for a round-trip flight for almost 40 domestic routes.

Thanksgiving Day is a public holiday celebrated on the fourth Thursday of November, in the United States and has been celebrated nationally since 1789. It is a part of the broader fall/winter holiday season in the US.