Rising Airfares And Hotel Rates Are Making Vacations More Expensive
As you plan your summer vacation you may have noticed that airfares and hotel rates have risen. It’s not your imagination, gas prices are the highest they’ve been since 2014. …
MIAMI, FLORIDA – APRIL 12: People wait in line at Avis rental agency in the Miami International Airport Car Rental Center on April 12, 2021 in Miami, Florida. Customers are finding that car rental agencies have limited or no supply of vehicles as people begin traveling again after being locked down during the pandemic. (Photo by Joe Raedle/Getty Images)
As you plan your summer vacation you may have noticed that airfares and hotel rates have risen. It’s not your imagination, gas prices are the highest they’ve been since 2014. Rising airfares and hotel rates are making vacations more expensive. According to CNBC Domestic airfare in the United States has risen by nine percent since April 1st and international fares went up 17 percent according to research conducted by Bernstein.
Driving up the cost of vacations are relaxed COVID restrictions at many attractions and beaches, mountains, and other outdoor destinations have been popular for travelers. Hotel prices rose even higher than pre-pandemic rates. Hotel rooms in Cancun, Mexico went from $160 in 2019 to $205 per night in early May. Most fares and hotel rates are still below 2019 prices mainly because business and international travel hasn’t been restored.
I checked rental car rates in Fort Myers. The cheapest car I could find for Memorial Day weekend was over $300. For. The. Weekend.
Rising Airfares And Hotel Rates Are Making Vacations More Expensive
