Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021.
Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey.
Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet.
While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March.
Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.
Persons:
Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot
Organizations:
KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines
Locations:
United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe