Travel Thursday: Thanksgiving Travelers' Budgets Expected to Increase

Updated: 11/15/2013 4:45 PM By: Heidi Enninga

Trip Advisor reported that Americans are spending more for the Thanksgiving holiday this year.

Nearly 40 percent of people plan to travel, and almost half plan to increase their budgets from last year according to Trip Advisor.

Of those traveling for turkey day, 44 percent said they plan to stay at a home with family or friends, and 34 percent said they will stay in a hotel.

Eight percent said they will celebrate the holiday in a vacation rental.