NCP Blog: How Americans are Spending the Memorial Day 2023 Weekend

Memorial Day weekend is the “unofficial” start of summer with many people gathering together for parades, BBQs, parties, picnics, or traveling to visit family and friends.

Memorial Day 2023 Travel Plans

Inflation is on nearly everyone’s mind this year, and 76% of Americans expect inflation to impact their Memorial Day 2023 shopping. And, 78% of Americans expect to spend less than $100 on their weekend purchases.

 

According to Wallethub.com:

 

• 44% of Americans plan to BBQ over the Memorial Day weekend (compared to 59% last year)
• $1.6 billion will be spent on purchasing meat for Memorial Day
• 818 hot dogs are consumed every second from Memorial Day through Labor Day (7 billion total)

 

An estimated 42.3 million people will travel for the Memorial Day 2023 weekend. Most travelers, 37.1 million people plan to drive to their destination. Gas prices are down 11% from 2022, which likely contributes to the 6% increase in people planning to travel by car. Air travel continues to increase, with 3.4 million people expected to travel by plane. That’s an 11% increase over 2022!

 

Fun fact: Orlando, Florida, is the most popular destination for Memorial Day weekend travel!

 

 

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