Comments Off on Summer travel numbers will 'beat' pre-pandemic levels despite soaring prices: Expert
People are ‘ready to travel’ even as prices soar: The Points Guy
Brian Kelly, founder and CEO of The Points Guy, offers tips on how to save money on airfare as prices continue to rise amid increased demand for travel.
Brian Kelly, founder and CEO of The Points Guy, argued on Wednesday that this summer will "beat" pre-pandemic travel numbers despite soaring prices for airfare.
"In general, we’ve seen domestic airfare shoot up dramatically and I think this summer we’ll actually beat our pre-pandemic travel numbers [of] total TSA passengers," Kelly "Mornings with Maria"on Wednesday.
U.S. consumers spent $8.8 billion on domestic flight bookings in March, surpassing pre-pandemic spending on bookings, according to Adobe.
Total consumer spending on domestic bookings in March grew 28% compared to the same time in 2019, according to the Adobe Digital Economy Index, which measures direct consumer transactions from six of the top 10 U.S. airlines.
In the first three months of the year alone, consumers already doled out a total of $21 billion in domestic flights online. Comparatively, consumers spent a total of $56 billion on domestic flights in all of 2021, according to the data.