By the numbers: This July 4th weekend will set travel records

Cars driving on a highway
Cars travel on Highway 101 on May 1, 2018 in Larkspur, California. (Photo by Justin Sullivan/Getty Images)

A record number of 49 million people will travel by car, train or plane on Independence Day weekend, the American Automobile Association says in a new report.

Why it matters: Many cities in the sun belt or the west coast are seeing tourist mobility and the holiday weekends contribute to that. Consumer spending and confidence has been steadily on the rise and is expected to continue in the summer months.