The Essentials

Domestic Airfares for Fall Are Dropping

Feeling a little abused by the high cost of travel this summer? You’re not alone. Hotel room rates are up 34% over last year, and airfares in some markets have quadrupled.

Then, measure in fuel prices and inflation, and you’re looking at a very expensive vacation when you get your credit card statement.

Now, jump just a few weeks ahead, as folks are recovering from their credit card bills, and airlines are already noticing advanced travel bookings are very soft.

Domestic airfares for fall have already dropped 26% and could easily drop lower in the next two weeks. And airfares to Europe for September and October are down 25% from what they are right now.