It’s been a buyer’s market for travel since the start of the pandemic. But that’s about to change.
The average roundtrip domestic airfare dropped 15% last year, to $302, according to the Bureau of Transportation Statistics. Hotel rates plummeted 21%, to $103, lodging data from STR found.
But the era of cheap travel will end soon, experts predict. The only questions are, when will it be over – and how long do you have to book a low price?
People like Glen Fisher want to know. In January, he found an incredible deal to fly business class from Denver to Rio de Janeiro on United Airlines ($1,290) and rooms at the JW Marriott on Copacabana Beach for $105 per night. A Hertz rental at the airport cost just $14.95 per day.
“I don’t think we will ever see these prices again in my lifetime,” says Fisher, a risk engineer from Castle Rock, Colorado.
He’s probably right.
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