Looking at the travel trends of 2013, there’s good news and bad news. The bad news is that airfares are expected to rise 8 to 12 percent due to increased consolidation (with the further possibility of an American Airlines and US Airways merger to come potentially at the end of this week). And it’s not just airfares, but airline fees are also expected to rise, hotel rates will increase, and frequent-flier redemption will be come even more difficult.
Luckily, there is some good news in areas where the travel industry has long needed change. Visa restrictions and waiting times for travel to the U.S. from foreign countries has been greatly diminished, so that we can expect an influx of foreign travelers. There is also a silver lining for the average traveler: Around the summer, Peter expects the FAA and the FCC to relax the rules and allow the use of electronic devices (perhaps just tablets and not cell phones) below 10,000 feet.
Watch Peter’s CBS This Morning report to see the complete 2013 travel trends.
For more potential travel change, check out Peter’s Wish for Change in the Travel Industry in 2013