If you want to take a vacation abroad this summer, it’s best to book it sooner rather than later, experts have warned.
Airfares are expected to go up as this year goes on – and it’s not just because of Covid.
Based on Pulse tourismAirfares hit an all-time low in 2021 due to travel restrictions and lack of demand.
One study found that US flights hit a “record low” of $234, while round-trip international flights were also as low as $649.
In the UK, the price of a plane ticket is as low as £3.49 with Ryanair launching several sales, while split packs can be found for as little as £99.
Adit Damodaran, an economist at Hopper, told Luck: “The sharp increase in airfares is also due to the fact that airfares are currently unusually cheap (even seasonal) due to lower demand among the Omicron variant.”
This will change in 2022, when countries open up after Covid and demand soars.
It’s not just demand that will skyrocket – UK tour operators have seen a huge increase in bookings after testing restrictions have been lifted – but there will also be less.
Mr. Damodaran also warned that fares would be affected by an increase in jet fuel costs, which jumped 60 percent last year.
“We expect higher jet fuel prices to contribute to higher consumer airfares in 2022,” he explained.
However, there is some hope, according to several experts who have explained how to find cheap deals after the pandemic.
Scott Keyes, founder of Scott’s Cheap Flights, told Fortune that while prices will be higher this year than in 2021, there will still be cheap deals to be found.
“Airplane tickets are the most volatile thing most Americans buy, and so while many will overpay for flights this year (and thus drive up the average airfare),” he said. average), that doesn’t mean cheap flights are going away.”
Instead of booking from afar, he said, the cheapest deals would be last-minute bookings as airlines frantically try to fill seats.
If you don’t feel like going abroad this summer, the UK has some great deals, including Butlin’s break from £17.25 pages and a four-night Haven stay for £49.
https://www.thesun.ie/travel/8292357/summer-holiday-flights-cheap-warning/ Experts warn to book summer vacation flights right before prices land