Saturday, 4 November 2023

Air fares likely to stay stubbornly high as travel-hungry Australians’ tastes change

Higher prices see the phenomenon of ‘revenge travel’ turn into a willingness to spend more on bigger trips, industry watchers say

International air fares are set to remain stubbornly high throughout the first half of next year, but the preferences of travel-hungry Australians are shifting.

After the broad reopening of borders by mid-2022, international airlines have largely enjoyed bumper profits by operating fewer flights than an average pre-pandemic year, all while Australians’ pent-up demand for travel meant they were able to charge eye-watering amounts for tickets.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/klV4CjF

No comments:

Post a Comment

Trump administration blocked from suspending Snap benefits for millions of Americans

One judge issues temporary restraining order while another judge rules the government must continue to fund program that helps low-income ho...