We're already busy booking summer trips here at TPG. In fact, some of us have even begun booking trips for the fall, winter holidays and even early 2025.
Airfare prices are expected to accelerate this spring, though the averages aren't expected to hit the stratospheric levels they did in the past few years. TPG founder Brian Kelly is among the experts predicting 2024 will break records for travel, and summer demand will be high.
The travel website Hopper predicts airfare will come in around the same as last year. "Prices ... are in line with pre-pandemic prices, following a similar trajectory as 2019," a Hopper spokesperson said.
Last summer, airfare peaked at an average of $350 for domestic flights. That was down more than 10% from the $400 of summer 2022 but higher than the average price pre-pandemic.
This year so far according to Hopper, average airfare for summer travel is $325, but that could rise.
"Travelers better get their tickets now," Brian Sumers, editor of The Airline Observer, told TPG this time last year. After all, the longer you wait, the less likely you are to score a great deal.
Is it already too late to lock in summer plans and get the best deals? Nope.
Here's everything you need to know if you're thinking of traveling this summer.
If you haven't finalized your summer flights yet, now is the time to get going — especially if you're looking to travel abroad.
For domestic trips, you should at least begin to monitor prices for the destinations you'll be visiting.
"The sweet spot for summer travel is two to three months in advance of your departure date," Hayley Berg, Hopper's lead economist, told TPG. "There's no great urgency to book an August vacation right this second. However, it's important to start tracking prices."
For example, Hopper recommends booking in early April for a June trip. If you want to travel for the long Memorial Day weekend, you should book now through April 9.
However, international flights are a different story.
"Travelers should be booking typically three to five months in advance for international," Berg said.
Specifically, if you want to go to Australia or Asia this summer, Berg recommends booking as soon as possible. She adds that if you're looking at traveling to Europe or South America, you may have a few more weeks.
Hopper's Berg said, "Current domestic airfare for summer is averaging $325 per ticket, down 5% from last year and 2% from 2022. Airfare to Europe this summer is averaging just over $1,000 per ticket right now, down 12% from this time last year. Prices remain higher than in 2022 following the incredibly high demand for travel to Europe last summer."
Related: When is the best time to book flights for the cheapest airfare?
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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