The best deals for 2022 airfares and hotels are already gone—and heading home for the holidays is going to cost you a lot more this year
Economy And Jobs,Transportation,Airlines,Consumers,Travel,Inflation,Holidays
People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock.
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
On social media, plenty of travelers think they are being gouged. It’s an understandable sentiment when government data shows that airfares in October were up 43% from a year earlier, and U.S. airlines reported a combined profit of more than $2.4 billion in the third quarter.
Part of the reason for high fares is that airlines are still operating fewer flights than in 2019 even though passenger numbers are nearly back to pre-pandemic levels.
“Fewer flights and more people looking to head home or take vacation for the holidays means two things: Prices will be higher, and we will see flights sell out for both holidays,” says Holly Berg, chief economist for travel-data provider Hopper.
Related Coverage
AllSides Picks
More News about Economy and Jobs
News from the Left
News from the Center
News from the Right
Fox Business