Some travelers say they will settle for fewer trips than they hoped to take, or they will drive instead of fly. Others are finding different money-saving sacrifices.
Stephanie Hanrahan thought she'd save money by planning ahead for her daughter's birthday trip to Disney World in Florida. Instead, it ended up costing the same as the Dallas-area family's trip for four to California last summer, so now her husband and son are staying home.
With more travel comes more expense. The average rate for a U.S. hotel room last week was $157 a night, up from $150 in the same week last year, according to hotel data provider STR. And the average daily rate for other short-term rentals such as Airbnb and Vrbo rose to $316 last month, up 1.4% from a year ago, according to AirDNA, which tracks the industry.There is a bit of good news for drivers, however: The national average for a gallon of regular was $3.56 at midweek, down from $4.
David Seymour, the chief operating officer of American Airlines, said his staff has fine-tuned a system it uses to predict the impact of storms on major airports and devise a plan for recovering from disruptions. He said it is reducing cancellations."It’s going to be a solid summer for us," Seymour said.
The FAA resorted to nudging airlines to reduce flights in the New York City area this summer, and it opened new flight paths over the East Coast to reduce bottlenecks. There are some last-minute deals on domestic flights, Hopper found, but international fares are their highest in more than five years, with prices to Europe up 50% from a year ago.
For the travel industry, the big question is how long consumers can keep paying for airline tickets and accommodations while they try to deal with stubborn high inflation, news about layoffs and bank failures, and fear of a recession.
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