• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Travel costs fell in April. The dip may be short-lived
Finance

Travel costs fell in April. The dip may be short-lived

May 11, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Travel costs fell in April. The dip may be short-lived
Share
Facebook Twitter LinkedIn Pinterest Email

Sunrise at Laguna Torre in Patagonia, Argentina.

© Marco Bottigelli | Moment | Getty Images

Travel in 2023 has been expensive. Indeed, some prices — like those for international flights — have hit record highs.

Americans are unleashing their wanderlust en masse after a few years of pandemic-era trip delays, making for a busy — and likely costly — summer travel season.

“In my 19 years in the industry, this is by far the busiest year I’ve had on record,” Jessica Griscavage, a travel advisor and founder of Runway Travel, recently told CNBC.

Typical trip costs increased by 9% in the first quarter of 2023, according to the NerdWallet Travel Price Index, which includes prices for flights, hotels, car rentals and dining out. When expressed in dollar terms, travelers would have paid an extra $180 per person for a $2,000 trip, NerdWallet found.

But travelers saw a reprieve in April, according to federal data.

Airline ticket prices declined by 2.6% in April relative to March, according to the consumer price index, issued Wednesday by the U.S. Bureau of Labor Statistics. They had risen in February and March.

Hotel and motel prices, as well as those to rent a car or truck, each fell by more than 3% during the month.

“As has been the case ever since the onset of the pandemic, travel prices have been volatile,” said Sally French, a travel expert at NerdWallet.

The reprieve may be temporary — but it’s hard to know

The April reprieve may be temporary in some categories, though.

Round-trip domestic airfare, for example, will jump by 7% in May and another 5% in June, where it will peak at $328 a ticket, according to a forecast by Hopper, a travel app. And travelers are “in for some sticker shock” relative to international airfare, which is around its highest level in five years, Hopper said.

Wellness trips for the whole family? More parents say they're planning them

General travel prices “are certainly higher than what they were pre-pandemic and even versus just last year,” French said.

However, while consumer demand has been high, airlines and hotels have at the same time introduced more supply via additional flight routes, hotel staff and vacation rentals — meaning travel costs “might not be as dire this year as some had anticipated,” she said.

More from Personal Finance:
How I doubled my money with a ‘black market’ exchange rate in Argentina
U.S. passport delays may be four months long — and could get worse
Why travel to Europe is no longer a ‘screaming, bargain-basement’ deal

Because the future is uncertain, she recommends booking a trip now rather than trying to wait for a better deal. Some travel providers allow consumers to book now without paying upfront and then rebook at a lower cost later, she added.

Here are some insights and ways to save on your trip, shared during a recent summer-travel conversation with Griscavage, the travel advisor; CNBC airline reporter Leslie Josephs and CNBC associate personal finance editor Ken Kiesnoski.

These tips are an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here.

1. Be flexible

Anton Petrus | Moment | Getty Images

Staying flexible on when — and even where — you travel can yield big savings.

Traveling midweek as opposed to the weekend is typically a money-saver. Instead of a major city, maybe consider somewhere more off the beaten track.

Not everyone has this luxury, of course. Parents may be beholden to school schedules; others might be locked into rigid schedules, too.

Travelers with some leeway can use tools such as Google Flights and Explore to discover good travel deals during the year, based on factors such as departure city and destination.

It’s a plug-and-play technique that’s “a little art and a little science,” Kiesnoski said.

Airfare is generally the first thing people buy, and accommodations such as hotel rooms often follow from there. Travelers can consult other online portals including Booking.com, Hotels.com, Airbnb, Expedia and Orbitz.

2. Travel in the off season

Orbon Alija | E+ | Getty Images

This is an offshoot of the “flexibility” category.

For many popular destinations — especially those in the Northern Hemisphere — demand peaks in June, July and August. To that point, airline officials have indicated in company earnings reports that they expect a “monster summer,” Josephs said.

But visiting a locale in the fall or winter may yield savings — and perhaps a better experience as crowds dwindle and it gets easier to book must-see attractions.

“I think you’re going to enjoy it a little bit more,” Griscavage said of off-season travel to popular cities.

3. Use your rewards

Many people built up frequent flier miles during the pandemic by using their credit cards that carry travel rewards benefits, Josephs said.

Now is a good time to use — and not hoard — those benefits, especially since it’s expensive to buy a flight in cash.

4. Use credit card benefits

Credit cards — especially those geared toward travel — may carry perks such as travel or rental car insurance. You may qualify for those benefits if you buy part or all of a trip with that card.

What that means: You might not have to buy any supplemental insurance policies, for example.

“Always check with your credit cards and see how good the insurance is,” Griscavage said.

It’s important to ask certain questions, such as whether a card’s benefits cover preexisting medical conditions during a trip, for example.

See also  April Migrant Apprehensions in South Texas Border Sector Double Prior Month
April costs dip fell shortlived Travel
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Disney Star Mark Ruffalo Shares Fake AI-Generated Trump ‘Epstein Island’ Images — Gets Slammed

January 5, 2024

Over 800 Dead Following Powerful Earthquake in Morocco

September 11, 2023

Here’s why the upcoming OPEC meeting will be a ‘pivotal’ moment as tensions simmer between Russia and Saudi Arabia over global oil supply

June 3, 2023

‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say

July 29, 2024
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Who won the 2012 BCS national championship? Revisiting Alabama vs LSU

August 17, 2023

Young Men at High Risk of Developing Gambling Addiction Amid Sports Betting Craze

January 2, 2024

Biden’s Signature Law Was Supposed To Lower Drug Prices, But Its Doing Just The Opposite

December 22, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.