Rising travel costs are not dampening the tourism spree

Wednesday, March 30, 2022

Travel advisors have reported that the rising travel costs are not having any effect on people going on trips. Claire Schoeder of Elevations Travel has said that the high prices are not only due to inflation. Many hotels, especially the luxury brands, were already at higher price points because of demand. Some are still not operating at full capacity yet so that influences price as well.

The rising cost of airfares is also not resulting in clients’ canceling or amending their vacations. Schoeder said that if the fuel prices keep going up it might make some people change their minds. It will affect the most budget-conscious travelers first. My clients are more luxury-focused – they are complaining about the price but are still booking.

Jennifer Doncsecz of VIP Vacations had noted that domestic airfares have been on the rise since the end of January. She also added that American hotel rates are on the rise for spring and summer. She further added that it was hard to determine if the rising prices because of inflation or very high occupancy. The pricing is much higher for domestic travel than it was last year.

Cruise industry is still one of the industry where the deals can still be found. Virgin cruises, Royal Caribbean International and Celebrity Cruises are still offereing great discounts to customers. Schoeder said that she is still finding great rates on these lines as well as on some of the luxury lines as well.

Similarly, Chris Caulfield of CruiseOne is witnessing valuable offers from cruise lines. While prices for airfare and cruises are rising, Caulfield noted that demand is nonetheless strong.

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