As the spring season is in full swing, many individuals are already looking ahead and planning their next summer vacation. However, for those planning to travel by plane during the summer of 2024, the outlook may not be as bright as they had hoped, particularly in terms of prices.
According to estimates from Hopper, a popular vacation booking application, flight prices are expected to see a significant increase during the upcoming summer season, potentially making it one of the most expensive times to travel in recent years. Specifically, domestic and international flight prices departing from the United States are expected to peak in late May and early June.
Hayley Berg, Hopper’s chief economist, revealed that domestic flight prices could reach an average maximum of $315 between May and June, surpassing the previous year’s increase. Berg advises travelers to book their flights as far in advance as possible or wait until the end of the season in August and September when prices tend to stabilize around $264.
Factors such as the rapid recovery in demand, high fuel prices, and supply constraints are contributing to the increase in flight prices. Berg also warns that hotel and car rental prices may be affected, potentially even more so than in 2023 in certain destinations.
In addition to rising prices for flights and related services, travelers can also expect an increase in travel disruption fees, including changes to reservations due to cancellations or delays. Popular domestic destinations such as Cape Cod in Massachusetts, Cody in Wyoming, and Bar Harbor in Maine are predicted to experience price increases, while international destinations like Osaka in Japan, Seoul in South Korea, and Nice in France could also be affected.
To combat the expected rise in prices, travelers are encouraged to plan ahead, book early, consider traveling during off-peak times, explore less crowded alternatives, or destinations less impacted by price increases. With the right information and proactive planning, travelers can still make the most of their summer vacations in 2024.