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Travelcouples | Moment | Getty ImagesJan. 30 is National Plan for Vacation Day — and travelers mapping out their next excursion have a few reliable money-saving hacks at their disposal. Avoid peak seasonTraveling during a destination's shoulder or off season — and avoiding its busiest periods — is a surefire way to save big bucks, experts said. "Shifting away from the peak, peak months, even weeks, is key," said Hayley Berg, lead economist at Hopper, a travel app. June through August are generally among the busiest months for domestic and overseas trips — and that often means higher prices. watch nowFor example, on average, travelers can save 32%, or $112, on round-trip domestic airfare by going during September and October instead of peak summer months, according to Hopper data.
Persons: Hayley Berg, Hopper, Berg, Sally French Organizations: , Savings, Finance, Google Locations: New Europe, Oceania, Las Vegas, Miami, Cancun
Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.
Persons: Chanelle, Hayley Berg, ” Ms, Berg, , Robert W, Mann Jr, , Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, , ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, , airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, , , MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico
The price of plane tickets fell 13% from October 2022 to October 2023. But rising labor and fuel costs could lead to higher prices over the next year. AdvertisementFlight prices are much lower than they were a year ago, but the good news for travelers won't last forever. Between October 2021 and October 2022, airline fares increased by over 42% , according to the Bureau of Labor Statistics. AdvertisementUnfortunately for Americans, the clock is likely ticking on lower prices.
Persons: , Hayley Berg, Hopper, Mike Arnot, Arnot, they're Organizations: Airlines, Service, Bureau of Labor Statistics, Travelers, Times Locations: Israel
For example, flight searches more than doubled for several "dupe" destinations internationally, according to Expedia data. watch nowLikewise, flight searches to the island Curaçao, a stand-in for St. Martin, were up 228% in the U.S. and 185% worldwide. "TikTok popularized the idea of dupes … and the concept is increasingly taking off in the world of travel," Expedia said in a report published Wednesday. Internet search traffic in the U.S. for travel dupes spiked throughout 2023, peaking in July, according to Google Trends data. It's more than just the flight priceHowever, Hopper flight data indicates that not all dupes will necessarily pay off for travelers.
Persons: Klaus Vedfelt, Martin, TikTok, dupes …, Expedia, Hayley Berg, Hopper, Ho, Jon Gieselman, dupes, Sara Rathner Organizations: Digitalvision, Getty, Sydney, Expedia Brands, Auckland , New Zealand — Locations: Taipei, Seoul, U.S, Pattaya, Thailand, Bangkok, St, Perth, Australia, Liverpool, England, London, Hanoi, Vietnam, Ho Chi Minh City, Spain, Tenerife, Canary Islands, Barcelona, Phuket, Europe, Sydney, Nadi, Fiji, Auckland , New Zealand
D3sign | Moment | Getty ImagesIf you have yet to purchase your fall and winter holiday travel and are hoping for a bargain airfare, time is running out. "Travelers are going to miss out on the opportunity to save when they wait too long," said Hayley Berg, lead economist at Hopper. In early October, 85% of Hopper app users who intended to book holiday travel had yet to do so, according to a survey of 500 people. In the last few days before Christmas, travelers could see price jumps of about $40 a day, Hopper anticipates. Fares will likely become increasingly competitive as travelers wait, "judging by the number of people traveling this year," said Elizabeth Ayoola, a personal finance writer at NerdWallet.
Persons: Hayley Berg, Hopper, Berg, airfare, Elizabeth Ayoola Organizations: Travelers, Finance, Air, Getty
To that point, many are already getting ahead of holiday expenses. Half of holiday shoppers plan to begin, or have already begun, making purchases before Halloween, according to Bankrate. "The fact that deals start early allows you to research the best options and spread out your cashflow," said Rossman. Overall, think through what your gift-giving budget should be ahead of time so it doesn't create a financial strain. 3 ways to get ahead of holiday spendingwatch now
Persons: David Paul Morris, Hopper, Hayley Berg, Carolyn McClanahan, who's Organizations: Bloomberg, Getty, CNBC, Amazon, Walmart, Planning Partners, CNBC's FA Locations: Jacksonville , Florida, CNBC's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemote work flexibility allows travelers to tap into lower prices, says Hopper's Hayley BergHayley Berg, Hooper lead economist, joins 'Squawk Box' to discuss the latest travel trends, labor day travel demand, impact of remote work, and more.
Persons: Hopper's Hayley Berg Hayley Berg, Hooper
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect airfare prices to remain low for the next 8 weeks, says Hopper's Hayley BergHayley Berg, Hopper lead economist, joins 'Squawk Box' to discuss the latest travel trends, airfare forecast for domestic and international travel, demand outlook in 2024, travel tips and tricks, and more.
Persons: Hopper's Hayley Berg Hayley Berg, Hopper
Piola666 | E+ | Getty ImagesDespite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. watch nowBy opting to buy travel insurance, younger people's plans are more protected, added Droesch. Pandemic leaves travel jitters in wakeMany travel plans were canceled during the Covid-19 pandemic and many disappointed buyers got no refunds, even if they had travel insurance because unforeseen events such as the Covid-19 lockdown weren't covered. Millennials are entering their 40s, and much of Gen Z have graduated college and are starting their careers. While travel insurance sounds like a good idea, travelers should be aware of the different types of travel insurance that exist and be sure of which type they buy.
Persons: Rome, Gen Zers, , Mary Hines Droesch, Z, they're, Hopper, Hayley Berg, Berg, Millennials Organizations: Bank of America, Finance, College Locations: U.S
International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.
Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru
Airfare to Europe hit an all-time high this summer. But those dissuaded by the sticker shock can still travel overseas in coming months and cut costs by perhaps hundreds of dollars a ticket. Flying to Europe from the U.S. during the fall "shoulder season" — in September and October — instead of in the summer will save the average traveler $500 per round-trip ticket, according to data from Hopper, a travel app. Europe is the most popular overseas destination for U.S. tourists this summer. But travelers to top European cities would save 34%, on average, by going in the fall instead of June, July or August, Hopper found.
Persons: , Hopper, Hayley Berg, Hopper's Organizations: , Finance Locations: Europe, U.S, Rome, London, Barcelona
REUTERS/Jim Vondruska/File PhotoCHICAGO, July 12 (Reuters) - Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. Airline shares have suffered because of bearish sentiment about the broader economy as interest rates are up sharply and inflation remains high, analysts said. There are still no signs of air travel demand waning as ticket purchases for the rest of 2023 are up 4%, said Steve Solomon, ARC's chief commercial officer. Believers in airline stocks have seen signs of hope this year. Global Investors' Holmes said airline shares are poised for even more gains.
Persons: Jim Vondruska, Refinitiv, Jefferies, Sheila Kahyaoglu, TD Cowen, Frank Holmes, Steve Solomon, Hopper, Hayley Berg, Hopper's, airfares, Holmes, Rajesh Kumar Singh, Ben Klayman, Nick Zieminski Organizations: Chicago Midway International, REUTERS, Airline, US Global Jets ETF, United Airlines, Delta Air Lines, Airlines, Global Investors, U.S . Transportation, Airlines Reporting Corporation, ARC, airfare, Delta, American Airlines, Global, Thomson Locations: Chicago , Illinois, U.S, Europe, United
Americans are eager to travel this summer despite inflation-strapped budgets. The overall price of travel is up 16% from this time in 2019, according to the NerdWallet Travel Price Index. Car rental prices peaked in July 2021, according to NerdWallet, and have been consistently declining. Moreover, more than 60% of adults intend to travel for the July 4 weekend. International travel is particularly popular this summer, primarily due to pent-up demand, as this is the first summer without Covid-related travel restrictions, Berg said.
Persons: Hopper, Hayley Berg, Read, Berg Organizations: Finance, Amazon
There's high demand for international summer travel and likely not enough seats to satisfy it. Americans have their eyes set on international travel — and Europe especially. If you want to fly to Europe this summer, you're likely going to spend $300 more than you would have before the pandemic. Last year, it was flights within the US that had their most expensive summer in years, averaging $376 round trip. "Next summer for international will be less expensive than this summer and probably start returning to some level of normalcy similar to what happened with domestic," Berg said.
Even as the thirst for travel remains strong, the changing trends are driving up airlines' operating costs and hurting revenue. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days. Frontier Airlines (ULCC.O) decided to slash flights on Tuesdays and Wednesdays by about 20%, citing weak demand. Delta Airlines (DAL.N) reported that bookings for trips inside 30 days were declining, while those outside 30 days were stronger. Last year, it denied boarding to more customers than American Airlines (AAL.O) and United, U.S. Transportation Department data shows.
D3sign | Moment | Getty ImagesInternational travel costs have hit record highsThe Eiffel Tower and Seine River at sunrise in Paris. The so-called "revenge travel" dynamic has helped to push up prices, perhaps most acutely for travel abroad. These are record-high prices, Berg said. People should be prepared not just for a busy travel season, but an expensive travel season. Sally French travel expert at NerdWalletThis summer is expected to be the busiest on record for international travel, the U.S. State Department said in March.
REUTERS/Eduardo MunozNEW YORK, April 6 (Reuters) - Most Millennial and Generation Z travelers are planning bigger 2023 travel budgets but also growing more cost-conscious when booking flights and hotel accommodations, according to travel booking app Hopper. Some 84% of Hopper users, primarily Millennial and Gen Z travelers, plan to spend more on travel in 2023, according to the company's 2023 Travel Trends Report which surveyed 1,500 Hopper users. About 70% of Hopper users are between ages 18 and 35. "It's not to say that Millennial and Gen Z travelers just have unlimited budgets and they're spending all their money on travel," said Hopper economist, Hayley Berg. Although Millennial and Gen Z travelers booked in 2019 travel earlier than the rest of the population, they are growing more averse to booking, the company added.
Online searches by Americans for flights to Europe trips are surging despite soaring air fares, a worsening economic outlook and risks of gridlock at some of the airports in Europe. The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. Travel website Kayak said searches for travel to Europe this summer are up 77% from last year. There is still untapped travel demand for Europe even after a busy summer last year, said Hayley Berg, lead economist at Hopper. Average fare for a round-trip flight to Europe, meanwhile, has risen 31% from last year, Hopper data shows.
Spring break travel demand is picking up, driving up airfare and hotel rates. Airlines, grappling with pilot shortages and aircraft delivery delays, have already limited capacity growth, which is keeping airfare up from last year. Now travelers are going back to booking patterns common before the pandemic, flying on peak days to traditional destinations, airline executives say. That makes it even more important for travelers to stay flexible if they're trying to save money to avoid spikes in fares. Spring break demand is "probably the best we've ever seen," Frontier Airlines CEO Barry Biffle said in an interview.
Airlines’ service cuts that ramped up this summer show no sign of relenting this holiday season, leaving more travelers likely to pay higher fares for fuller planes at crowded airports. And while dozens of small cities receive federal subsidies to support air travel through the long-running Essential Air Service program, Malarkey Black said even 29 of those communities are facing potential cutbacks due to pilot shortages. For the regional flights that do remain, “fares are up markedly as a result of service cuts,” said Scott Keyes, the founder of Scott’s Cheap Flights. Major U.S. carriers have cited pilot shortages for their cuts at regional airports, with some of them saying the labor crunch would take years to resolve. “Commercial air service is an expected amenity to both businesses and residents alike,” Grover said, promising to work “relentlessly, tenaciously” to restore it.
US gas prices are higher than they’ve ever been at this time of year. “Holiday travel has come back as strong as ever, and leisure travel is why that recovered,” said Scott Keyes, founder of travel site Scott’s Cheap Flights. “Holiday travel is definitely more expensive than we’ve seen in previous years,” said Hayley Berg, chief economist for Hopper. Even with the annual surge in holiday travel, the amount of driving in November and December is typically well below the summer driving season. Other travel costsHotel prices also are more expensive than they’ve ever been this time of year.
Thanksgiving airfare prices are currently averaging $281 round trip, up 25% from last year, according to travel booking group Hopper. At the same time, the demand for flights has continued to surge as households book travel that was waylaid by the pandemic. On its quarterly earnings call Friday, Delta Air Lines CEO Ed Bastian said demand for air travel "remains very strong." "Demand has not come close to being quenched by a hectic summer travel season," Bastian said. "For airlines, the cost of flying each seat is higher than ever before, and for consumers, there are fewer seats available to buy and each is going to be more expensive," Berg said.
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