Domestic Airfares and Hotels Projected to Drop in 2024 While Demand Stays High
• Domestic airfare expected to drop 16% in 2024 compared to 2023, with hotel and rental cars also cheaper
• Cheapest destinations include Philadelphia (39% drop), Fairbanks, AK (37%), and Minneapolis (34%)
• International flights projected to be 10% more expensive
• Booking flights 8 months in advance results in 8-18% savings on average
• Air travel demand remains high with 4.7 billion passengers expected in 2024, exceeding pre-pandemic levels