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Air ticket prices made history last month when it was revealed that the jump in airline tickets between March and April hit a record high. Travelers are clearly feeling the pinch of such increased costs, as the news also revealed that the number of passengers booking their flights fell dramatically last month – despite a time when travel restrictions were at their lowest in years and a wave of travel around the globe was predicted from by many in the industry.
One question travelers ask is this – does he travel Is that true Should you break the bank to be worthwhile? With costs rising and some destinations pricing in to many travelers’ budgets, new ways have been found to cut costs – without travelers having to make many sacrifices. Here’s a look at the situation regarding historical travel costs, and how travelers can look forward to getting around them this summer.
Rising costs to new levels – what travelers need to know
Travelers hoping for a vacation deal this summer have been dealt a heavy blow after a historic increase in air travel prices. The 18.6% increase in the cost of airline tickets between March and April is the highest reported increase since the Bureau of Labor Statistics began compiling the data. Domestic airfares averaged $358 for a return trip, while the average for an international return trip rose to $865.
There are several reasons why ticket prices are so high. The decrease in overall capacity among airlines as a result of route cuts was offset by increased demand for flights, while fuel prices and general inflation also played an important role in driving up airfares. Travelers are feeling it, too, with US airline bookings down 17% in April from the previous month and discontent reaching high levels.
Fighting Wages – How Travelers Can Cut Costs
While there is unfortunately no magic wand to wave around to cut costs, there are tactics travelers can use to save a few dollars. First and foremost is flexibility. With travelers wanting to maximize their vacation days or make the most of a long weekend, Fridays and Sundays are popular days for air travel – but because they’re in great demand, they’re also the most expensive. By being flexible with your outbound, domestic, and midweek flights — and even airports, if there’s another nearby — you can save hundreds of dollars.
Plus, the travel experts at Expedia have discovered that booking flights on a Sunday offers the best value – and who doesn’t want to end the weekend by checking out some cheap flights? In terms of when to book, it’s often said that the best time is six weeks in advance for domestic and 16 weeks in advance for international flights – and keep an eye on the flights. If the route appears in a cheaper rate search at a later date, you may be able to cancel and rebook without fees, depending on the airline and ticket type. Stay alert for announcements of new routes, too, as airlines continue to restore and add to their flight networks. In the travel game, vigilance pays off.
Flexibility extends far beyond travel days – it may be the way you travel itself. For domestic routes, consider a train ride; Not only are these cheaper than flights, but they also provide a chance to take in the rural scenery, which can be an attraction in itself. Rail trips are also convenient in terms of bringing luggage, as travelers save on ridiculous surcharges that often make air travel so expensive. Of course, there’s also the option of driving there on your own – a road trip, anyone?
Travelers heading further afield can also look to take advantage of the dollar’s strong performance to ease the burden on the wallet caused by airfare. The dollar is stronger this year against the euro and the pound sterling than it was last year, which means your money will go much further. While you’re there, consider swapping out luxury hotels for AirBnB rentals, or better yet, find a space — or a sofa — to stay for free.
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Disclaimer: Current travel rules and restrictions It can change without notice. The decision to travel is ultimately your responsibility. Contact your consulate and/or local authorities to confirm entry of your citizenship and/or any changes to travel requirements prior to travel. Travel Off Path does not endorse travel against government warnings