Bloomberg by the Numbers: 34.8 Million

Traffic jams up on the Kennedy Expressway leaving the city for a holiday weekend in Chicago.

Photograph by Scott Olson/Getty Images

Traffic jams up on the Kennedy Expressway leaving the city for a holiday weekend in Chicago.

About 34.8 million people plan to drive at least 50 miles from their home during the five-day period ending July 6.

That’s up from 34.1 million last year, and the most since 2007, according to AAA.

“Stronger business travel and tourism is a very good barometer of the health of the broader economy,” Mark Zandi, chief economist at Moody’s Analytics Inc., told Bloomberg News for this story.

“Spending on travel is more discretionary and expensive. The revival in travel is thus a good sign that the economic recovery is gaining traction,” Zandi said.

 

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