Travel is not cheap.
Strong demand due to factors such as the two-year pandemic blockade caused already high airfares and hotel prices to rise last month, both hitting record highs.
Flight prices in May rose nearly 13% from the previous month and rose nearly 38% from May 2021. Hotel prices rose slightly from April to May, but rose 22% year-on-year.
Accommodation rates at hotels and motels away from home fluctuated when travel demand was cut off by the 2008 financial crisis of September 11th, but relatively over the last 30 years. It is steadily rising. And a pandemic of coronavirus.
Airfares have been stagnant and more volatile for years after the terrorist attacks of 2001. Ticket prices rose steadily from 2009 to 2013, when prices peaked. However, in the years that followed, fares fell slowly and plummeted when the pandemic took hold.
Scott Kirby, United Airlines Chief Executive Officer, said: , Said at an investor meeting last week.
According to the travel booking site Hopper, the average price for domestic round-trip flights is $ 403, up 33% from the same period in 2019. Overseas travel averages $ 1039, an increase of 17% from 2019.
This year, flight demand is particularly high as pandemic restrictions have been lifted or relaxed in many countries. Also, after not traveling much in the last two years, many are eager to shift their spending from goods to services. Fares have also risen due to rising jet fuel costs. Airlines also added too many flights this summer, fearing that tight schedules will make it difficult to overcome the turmoil and repeat some disastrous episodes during last summer and winter vacations. I was cautious about doing it.
Weekend vacations are especially popular this summer, as travelers travel shorter than before the pandemic, according to Hopper. In the United States, Atlanta, Denver, Las Vegas, Los Angeles, Miami, San Juan, and PR are popular weekend destinations. Popular international destinations include Cancun, Mexico. Mexico City; Vancouver, British Columbia; and Toronto.
Hopper has found that fares for flights in the second half of summer are generally cheaper than fares in the early seasons. Travelers can save over $ 100 each on domestic and hotel stays if they plan to travel in late August instead of June or July.
