If you thought the summer travel squeeze was bad, brace yourself; some economists are predicting the most expensive holiday travel in five years. TimMcNicholas breaks it down and shows you some ways you might be able to save.
-- If you thought the summer travel squeeze was bad, brace yourself; some economists are predicting the most expensive holiday travel season in five years, with prices already soaring well over last year.A carousel of complaints spins around Newark Airport."I would've been happier if it was a little bit cheaper," traveler Samantha Branco said.Crook drove from Rockland County to pick her mom from the airport.
"Airfare for Christmas has already reached a five-year high," said Hayley Berg, an economist for the travel app Hopper."We're already seeing airfare 20 to 40 percent higher than last year's prices for both Thanksgiving and Christmas." The reasons? Travel demand is up, but many airlines are still flying less than pre-pandemic. On top of that, the price of jet fuel has nearly doubled.Time to book Thanksgiving travel: Expert advice for best deals on flights, hotels and more
"Those holiday days are, they're very popular. Everyone is trying to fly," said LaTosha Griffin, of the Griffin Vacation Group.