Travelers are increasingly interested in going abroad, somewhere sunny, or places focused on self-care — but they likely will find higher prices and fewer deals in 2023.
In spite of inflation and the rising cost of travel, 6 in 10 American adults plan on taking a vacation within the next six months, according to MMGY Travel Intelligence’s newNearly half of the 24,000 adult travelers in a recent Booking.comsaid they expect to be more extravagant in their spending habits, over half of travelers plan to balance that out by saving money on off-season destinations.
In general, the upsurge in travel demand means that the days of booking a cheap flight or hotel room at the last minute may now be in the rearview mirror. Airfares for 2023 domestic trips have already lifted off and are currently averaging above 2022 prices. Both domestic and international flight prices are up in 2023 compared with 2022 , KAYAK reported.
Cancun, Barcelona and Punta Cana top the rankings for most-booked international destinations, with airfare now averaging just over $600 to Barcelona and under $500 to the Caribbean, according to Hopper.
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