More people are expected to travel Memorial Day weekend this year than since 2005.

AAA is projecting 38 million Americans will travel on the holiday weekend (May 26-30), around 700,000 more than last Memorial Day weekend.

The majority of those travelers, 89%, will drive to their destination, a 2.1% increase over last year. AAA attributes this to low gas prices — prices at the pump are the lowest they’ve been in 11 years at an average of $2.26 per gallon (45 cents less than last year).

Air travel will also increase this year, AAA predicted, up 1.6% to 2.6 million American flyers. Airfares for the top domestic routes will be 26% less expensive during Memorial Day weekend this year versus last with the average roundtrip ticket at $165.

Hotel costs remain on par with last year, and the average daily car rental rate has dropped 3%, to $62.

Other forms of travel — cruises, trains and buses — will fall 2.3% to 1.6 million travelers.

Based on AAA.com and AAA travel agency sales, the top destinations for Memorial Day weekend are, in order, Orlando, Myrtle Beach, Washington, New York, Miami, San Francisco, Boston, Honolulu, Los Angeles and South Padre Island.

AAA based its forecasts on research from IHS Global Insight.

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