Travel expert Lee Abbamonte responds to weekend travel delays on ‘Cavuto: Coast to Coast.’
According to a recent report from travel app Hopper, domestic airfares for July 4 have dropped significantly compared to this time last year.
According to Hayley Berg, lead economist at Hopper, fares for holiday trips are $300 per round trip. That’s down 27% from last year. In fact, fares for the holiday weekend are more in line with 2019 prices.
It’s a different story for international trawlers – especially those venturing to Europe – who will face the highest ticket prices in six years.
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According to the data, round-trip airfares to Europe averaged $1,370 per ticket, up 33% or about $340 per ticket compared to 2019.
According to Berg, for those looking to travel abroad on a budget, they can head to Canada, Mexico or the Caribbean, where fares are less than half the cost of a trip to Europe or Asia.
Travelers go through security screening at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, May 25, 2023. (David Paul Morris/Bloomberg via Getty Images/Getty Images)
With cheaper fares, domestic travel demand is expected to surge during the holiday season with more than 24 million passengers expected to depart from airports across the country between June 29 and June 2. 5/7.
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More than 3.7 million people are expected to depart on the Thursday and Friday before the holiday weekend.
American Airlines planes are parked at John F. Kennedy International Airport (JFK) ahead of the Thanksgiving holiday in New York, U.S., on Wednesday, November 23, 2022. (Photographer: Michael Nagle/Bloomberg via Getty Images/Getty Images)
According to Berg, the busiest airports are expected to be Atlanta, Dallas, Denver and Los Angeles, with more than a million passengers departing during the holiday season.
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In addition to lower airfares, domestic travelers can also expect hotel rates in line with last year’s, around $97 a night, according to the data.
The data shows they can also rent a car for an average of $47 a day, down 25% from this time last year.
