Facebook Twitter Instagram
    Facebook Twitter Instagram
    ASNHubASNHub
    Submit PR & News Register
    • Home
    • All News
    • Contact
    • My account
    • Advertise with us
    ASNHubASNHub
    Submit PR & News
    You are at:Home » All News » Airfares dropping as pent-up demand eases
    Airlines

    Airfares dropping as pent-up demand eases

    Article By Robert Silk for Travel Weekly
    ASN HUBBy ASN HUBAugust 1, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Budget roundtrip domestic airfares will drop to $286 this month, 25% below this year’s peak in May, according to a Hopper projection. Photo Credit: StudioByTheSea/Shutterstock.com

    Budget roundtrip domestic airfares will drop to $286 this month, 25% below this year’s peak in May, according to a Hopper projection.

    The dip, which will bring prices in line with 2019, goes beyond the usual seasonal drop-off in August, which is 10% to 15%. It reflects diminished pent-up travel demand following a summer when many people took a substantial vacation for the first time since the onset of the Covid-19 pandemic, according to the analysis by Hopper economist Hayley Berg. In addition, demand peaked earlier than normal this summer.

    Hopper defines budget fares as those that are lower than 90% of the fare quotes it tracks. Prices peaked at $410 in May.

    The booking and price-predicting app expects budget domestic airfare to begin creeping back up in September and to reach an average of $368 roundtrip in December.

    Hotel rates down, as well

    For hotels, Hopper said the average nightly rate has gone down to $185 from a June peak of $199. Berg, however, wrote that September will bring new price increases, with average nightly rates jumping to $217. Hotel rates this fall are 28% higher than 2019.

    “The accommodations and hospitality sector has had some of the highest wage growth relative to other sectors in the economy,” Berg wrote. “Increased operating costs for hotels coupled with sustained high demand for travel is leading to higher nightly rates in the fall season than we’ve typically seen in the past.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFestival is ready to breathe ‘Life’ into downtown Vegas in September
    Next Article Controversial California Judge Rules Visa Can Be Tried as MindGeek’s ‘Co-Conspirator’
    ASN HUB
    • Website

    Related Posts

    Southwest says operations will return to normal on Friday

    December 30, 2022

    A new ultralow-cost airline aims to test the transatlantic market

    December 9, 2022

    Delta to restrict Sky Club access and raise membership prices

    December 3, 2022

    Comments are closed.

    • Facebook
    • Twitter
    • Instagram
    Don't Miss

    Sweet Treat Tiana Blow Makes Her Dick Drainers Debut

    The Dungeon Store Provides Prizes for Fetish.Com’s Treasure Hunt

    Dean Capture Offers eGift Certs for Fans to Support Their Fave Adult Stars & Creators

    PDCams is Honestly The Best Cam Site Aggregator We Have Reviewed

    About
    About

    Your source for Adult Lifestyle News.
    ASN Hub gather all the info from Events to Releases, from Stars to Studios, From vanilla to BDSM, from missionary to swinging!

    Facebook Twitter Instagram
    Popular Posts

    Sweet Treat Tiana Blow Makes Her Dick Drainers Debut

    February 7, 2023

    The Dungeon Store Provides Prizes for Fetish.Com’s Treasure Hunt

    February 7, 2023

    Dean Capture Offers eGift Certs for Fans to Support Their Fave Adult Stars & Creators

    February 6, 2023
    Subscribe to Updates

    Get the latest creative news from ASN Hub

    Copyright © 2023. ASNHUB is part of ASN Entertainment, LLC - Powered by OutShineTeam
    • Home

    Type above and press Enter to search. Press Esc to cancel.