Airfare Reaches Seven-Year Low
Summer Traveling Dreams Come True
Pining for paradise? That tropical getaway may be closer than you think. International flights to Cancun are averaging about $327. According to research by Hopper, a mobile application that uses big data to predict and analyze airfare, flight prices will be the cheapest they’ve been in seven years. This price decrease is especially good for domestic travelers. An average domestic round-trip flight will cost about $207. Prices will peak in June with an average domestic round-trip flight costing $240.
Airfare Decrease Continues
This price decrease seems to be an ongoing trend: airfare prices are down 12%; more than 20% from two years ago. Earlier this year, the US Bureau of Labor Statistics reported a decrease in air passenger fares for both international departures and arrivals.
Oil prices seem to be one main factor in airline ticket price drops.
If you’re not thinking of staying stateside for the summer, there could be hope for a cheap flight internationally.
Hopper produced several tables on which cities have seen increases and decreases in search demand, both domestically and internationally. Changes in search demand could create flash sales that will benefit travelers.
If you’re interested in how your state’s average airfare compares across the national average, be sure to check out Hopper’s interactive map.