Travel last summer was, in a word, wild.
Pent-up “revenge” travel combined with relaxed restrictions caused a surge in demand. High fuel prices and limited airline capacity drove up costs, with overall travel prices increasing 17% over pre-pandemic levels by June 2022, according to NerdWallet’s Travel Price Index.
What about this summer? Will weakening demand lead to lower prices and thinner crowds? It’s not looking likely, according to travel experts.
“We aren’t seeing any dip in demand,” says Hayley Berg, lead economist at Hopper, a travel booking platform. “It seems incredible that the demand could be sustained, but we’re not seeing any weakness right now.”
It seems that Americans’ appetite
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