Finance

Winter Holiday Travel: Prepare for the Congestion and Complications on Peak Days

Published November 13, 2023

As the winter holidays approach, travelers are advised to brace for potentially chaotic conditions. A recent survey indicates that 50% of Americans intend to travel during the holiday season, with flights and hotel bookings contributing to an uptick in travel compared to the previous year's 44%. Those planning to take to the skies should prepare for the busiest travel days, likely surrounding Thanksgiving's fourth Thursday. Traditionally, the Sunday after Thanksgiving sees a surge in travel activity. This pattern is predicted to persist in 2023, with the Transportation Security Administration's (TSA) passenger data underscoring the trend.

A Busy Season for Air Travel

While Thanksgiving is anticipated to break travel records, the December holidays also beckon 40% of Americans to travel. Meanwhile, 29% are expected to travel for Thanksgiving, and 19% for New Year's festivities. Due to the fixed nature of Thanksgiving, travel congestion centers around the Wednesday before and the Sunday following the holiday. For Christmas, which rotates days of the week, the dates to watch this year include the Friday before Christmas (Dec. 22) and the day after Christmas (Dec. 26), which may become particularly congested and expensive for return travel.

The Impact on Non-Travelers

Not all Americans plan to engage in holiday travel—39% of survey respondents will pass on the spending, and 11% remain undecided. Some cite the convenience of local gatherings, while others are deterred by financial restraints. This is noteworthy considering the high costs and potential disruptions associated with peak travel days, including troubles like longer lines for security screenings, limited airport amenities, and challenges in rebooking canceled flights.

Strategies to Mitigate Travel Woes

Those venturing out on peak travel days might face prolonged security lines, packed boarding areas, and a high risk of ending up in less-desirable middle seats. Advanced planning is crucial, as boarding processes slow and airport lounges reach capacity. On the chance of flight cancellations, travelers will compete for seats on subsequent flights. Holding TSA PreCheck can streamline airport security, while airline and hotel elite statuses can facilitate quicker service with VIP lanes.

For investors, the travel upsurge translates to heightened interest in related stocks, such as NRDS, the parent company of NerdWallet. NerdWallet, Inc. facilitates consumer finance decisions through its digital platform that connects with financial product providers. This underscores the interplay between travel trends and financial markets.

travel, holiday, congestion