News Summary

• AAA predicts record travel volumes for Memorial Day, with higher-income groups driving resilient spending.
• Bank of America is tracking resilient travel spending among u.s. consumers, especially those in high-income households.
• Travelers are responding to cost pressures by seeking alternative destinations, being more thoughtful with budgets, and turning to AI tools for travel planning.
• More than 40% hike in fuel prices to more than $4.50 per gallon on average in the past year has led to higher travel costs.