With airfares rising, here's how to find a travel deal this year - BNN Bloomberg

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With airfares rising, here's how to find a travel deal this year - BNN Bloomberg
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Low prices are out there -- particularly for domestic flights.

As demand surges and airfares soar to new heights, many Canadians are in search of travel deals this year."In general, flight prices to nearly everywhere have increased, particularly in the past three months," said Chris Myden, founder and CEO of Ydeals Inc., a Vancouver-based travel site.

Last week, Flair and Lynx -- the two budget carriers -- were offering roundtrip flights between Toronto and Vancouver in late April for $147, while Air Canada and WestJet's Swoop posted prices as low as $295 and $143, respectively. The prices roughly match Ydeals' averages for this year. Another heavily trafficked route, Vancouver-Calgary, offered late-April roundtrips between $94 and $145 on the two low-cost carriers last week, and $137 and $141 for Air Canada and WestJet, respectively.

Airfare to Asia averages $1,475 for a roundtrip, a jump of 97 per cent since 2019 and the biggest increase over pre-pandemic levels compared to other regions, according to Hopper. Flexibility is helpful when looking to save cash, since the times you choose to book and travel -- and which airport you take off from -- can play a key role in the cost.

Booking one to three months in advance for local flights and three to four months for international ones may also yield cheaper fares, he said. However,"dynamic pricing" means there are no hard and fast rules, as algorithms respond to demand and booking curves on the fly.

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