Though airline and hotel staffing shortages continue to wreak havoc, recent data suggest that prices for hotels, air travel and rental cars are softening
Skyrocketing airfares earlier this year and recent headlines about persistent inflation may be discouraging potential travelers. Yet recent data suggest that prices for hotels, air travel and rental cars are softening this autumn. And the U.S. dollar’s continued strength has driven down international travel costs.Skyrocketing airfares earlier this year and recent headlines about persistent inflation may be discouraging potential travelers.
Timing is everything According to Google, GOOGL searches for “cheapest airline tickets” skyrocketed by 240% between April and August, reflecting the pinch travel consumers felt as prices rose. And while finding cheaper flights isn’t as simple as booking on the right day of the week, some historical clues can help decide when to buy upcoming travel.
With these factors combined, it could make sense to hold off on booking holiday travel. Overall prices could continue their downward trajectory as inflation eases, and historical trends suggest that prices tend to drop until only a few weeks before departure.Also see: Who do Americans hate flying with the most? Seat kickers are tied for first place.
If currency exchange rates remain stable , a traveler to Japan would receive an effective 23% discount on all purchases made in Japan, while a traveler to Mexico would receive none. This provides a strong incentive for U.S. vacationers to choose exchange-rate-friendly destinations.
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