Summer travelers, get ready for sticker shock
Prices for flights, hotels, car rental, gas still high
DALLAS – Airlines and tourist destinations are expecting monster crowds this summer as travel restrictions ease and pandemic fatigue overcomes lingering fear of contracting COVID-19 during travel.
Many forecasters believe the number of travelers will match or even exceed levels in the good old, pre-pandemic days. However, airlines have thousands fewer employees than they did in 2019, and that has at times contributed to widespread flight cancellations.
People who are only now booking travel for the summer are experiencing the sticker shock.
Domestic airline fares for summer are averaging more than $400 a round trip, 24% higher than this time in 2019, before the pandemic, and a whopping 45% higher than a year ago, according to travel-data firm Hopper.
“The time to have gotten cheap summer flights was probably three or four months ago,” says Scott Keyes, who runs the Scott’s Cheap Flights site.
Internationally, fares are also up from 2019, but only 10%. Prices to Europe are about 5% cheaper than before the pandemic – $868 for the average round trip, according to Hopper. Keyes said Europe is the best travel bargain out there.
Steve Nelson of Mansfield, Texas, was standing in line this week at a security checkpoint in Dallas-fort Worth International Airport, ready to board a flight to Nice, France, with plans to attend a Formula One race in Monaco.
“I decided it’s time to work on my bucket list,” Nelson said. “I hadn’t even considered Monaco until this year.”
Online spending on U.S. flights eased in April after a torrid March, but it’s still up 23% from spring 2019 mostly because of higher prices, according to Adobe Analytics.
Airlines blame the steeper fares on jet fuel roughly doubling in price over 2019. It’s more than that, however. The number of flights has not returned to pre-pandemic levels even though demand for travel is surging.
“We have more travelers looking to book fewer seats, and each of those seats is going to be more expensive for airlines to fly this summer because of jet fuel,” says Hopper economist Hayley Berg.
When travelers reach their destination, they will be greeted with hotel rates that are up about one-third from last year. Hotels are filling up faster, too.
Hotel companies blame the higher prices on rising cost for supplies as well as workers in a tight labor market.
Rental cars were hard to find and very expensive last summer, but that seems to have eased as the rental companies rebuild their fleets. The nationwide average price is currently around $70 a day, according to Hopper.
Jonathan Weinberg, founder of a rental car shopping site called Autoslash, said prices and availability of vehicles will be very uneven. It won’t be as bad as last summer, but prices for vehicles will still be “way above average, if you can even find one,” in Hawaii, Alaska and near destinations such as national parks.
Even if you drive your own car, it’ll still be pricey. The national average for regular gasoline hit $4.60 a gallon on Thursday – more than $6 in California. Those prices have some people considering staying home.