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Thanksgiving: Low cost turkey, but flying highThanksgiving: Low cost turkey, but flying highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=184382017-11-25T06:00:00Z2017-11-26T01:00:00Z

​​​​CBRE Thanksgiving reportTEXAS – ​​As the holiday season approaches, you may be spending a little more time (and money) on travel this year as Americans are expected to hit the road in record numbers. 

According to AAA, 50.9 million people will travel at least 50 miles from home this Thanksgiving (a 3.3 percent increase over 2016), with nine out of ten people making the trek by car rather than through the air. 

This is expected to be the highest travel volume since 2005.

Stuffing money in your wallet: Thanksgiving cuts costs across the table
  • The American Farm Bureau estimates that the average Thanksgiving dinner for ten will cost $49.12, on average, a 1.5 percent decrease from 2016. 
  • Regionally, dinner for ten will remain lower than the national average at $46.75, a 4.3 percent drop over 2016. 
​Consumer confidence expected to boost holiday spending
  • This year with total retail sales are expected to increase 4 percent to $682 billion. 
  • E-commerce and mobile sales are expected to grow by 11-15 percent, but the lion's share of spending will take place in brick-and-mortar stores. 
  • Holiday shoppers are expected to spend an average of $967.13 this year.
CBRE
Texas
Economy
http://cbreemail.com/cv/fe71ca2c16b76cb50d9e8049164ae7cdf5aa3a0aSource: {Source}

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