Airfares are up 33 percent, and hotel rates up nearly 24 percent. The cost of renting a...
Clarke said the summer of 2022 is reminiscent of another period of pent-up demand and high inflation — the first year after World War II. Americans charged into 1946, ready to travel, spend and make up for experiences put off during four years of war, rationing and sacrifice.
The travel and tourism sector, one of the hardest hit by the pandemic, followed this pattern. Airlines slashed flights, mothballed planes and cut staff through layoffs, furloughs and early retirement. Rental car companies sold off fleets and have struggled to replace them as computer chip and parts shortages slow automobile production.Airfares jumped 22 percent in April to an average $297 from $244 in March, according to the, driven in part by surging energy costs.
And while the idea of 10 hours in the car with four kids, ages 6 to 13, wasn’t exactly appealing, Schneidau said it’s a trip they don’t want to miss.
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