KAYAK Reveals 2024 Summer Travel Forecast
& Top Trending Destinations
STAMFORD, Conn., May 7, 2024
/PRNewswire/ -- The 2024 travel forecast is looking sunny with a
chance of savings. Despite increasing inflation, according to the
latest internal data from KAYAK, the world's leading travel
search engine, airfare is down 13% for domestic and 3% for
international flights vs. 2023. To help travelers score a deal and
figure out where to go, KAYAK's Travel Check- In: Summer 2024
report offers data-driven insights on top trending destinations,
wallet-friendly hotspots, and summer holiday travel hacks.
"This summer's trending destinations - places gaining more
interest vs. last year - are ones we haven't seen 'pop' in years
past. From Africa earning the top
trending region title to a notable increase in searches for hidden
gem European cities like Tirana (Albania), Vienna (Austria) and Bucharest (Romania), the appetite for culturally diverse
destinations is on the rise," said Jake
Bouvrie, KAYAK's Chief Economist. "If you're considering an
international trip this summer - plan it for after
July 4th to take advantage of lower
airfares."
The TLDR on summer travel:
- Holiday weekends are cheaper than last year. The
average airfare for a domestic flight over Memorial Day Weekend is
$398 (-16% YoY), and the average
airfare for a domestic flight over the July
4th holiday is $477 (-17%
YoY).
- Africa is on the radar
with searches up 6% YoY - more than any other region in
the world. Asia's been bumped to
the #2 trending region, though searches are still up 5% YoY.
- Head south for cheaper flights. Sun-soaked regions
like Mexico (-16% YoY),
Caribbean (-15% YoY) and
Central America (-14%).
- Paris is going for
gold. US flight searches for Paris are up 26% and hotel searches for the
destination are up 180% from last year, which is no surprise given
that our favorite athletes will grace the city this summer. KAYAK's
new Price Pulse tool shows how flight and hotel prices are
changing as we approach the summer of sport.
- To save on international travel - look at
August. International airfare costs dropped by 3% since
last year and August 12-25 is
currently tracking as the cheapest time to fly internationally,
based on our data.
KAYAK's AI tools are fueling a paradigm shift in travel
exploration and deal hunting:
- Do a KAYAK PriceCheck: Share or upload
a screenshot of a flight itinerary from any mobile site, and KAYAK
will quickly check hundreds of sites to verify if you found the
best price.
- Ask KAYAK: Powered by KAYAK data and AI, use
simple, personalized text entries to figure out where to go next,
and to search and refine your travel results.
- Set a Price Alert. Get notified
when prices change for a flight or hotel you want. If a flight
you're eyeing drops by $50, KAYAK
will alert you so you can lock in that new price instantly.
To score the best flights, hotels and rental cars, visit
www.kayak.com.
About KAYAK
KAYAK, part of Booking Holdings (NASDAQ: BKNG), is the world's
leading travel search engine. With billions of queries across our
platforms, we help people find their perfect flight, stay, rental
car and vacation packages. We also support business travelers with
KAYAK for Business, our free corporate travel solution, and are
transforming the in-travel experience with our app and new hotel
and accommodation software. For more information, visit
www.KAYAK.com
Data Methodology
- The Travel Check-In: Summer 2024 report is based on an analysis
of searches originating in the US for roundtrip, economy
flights on KAYAK.com between 11/1/2023 -
3/15/2024 for travel between 5/24/2024 - 9/3/2024. Year-over-year data is
based on the comparison of searches made between 11/1/2022 - 3/15/2023 for travel between
5/26/2023 - 9/5/2023. Certain
destinations were excluded in the case of insufficient data or
according to the official travel advisory at the time when the data
analysis was conducted. Prices and percentages are on average and
are subject to change.
- To determine the search interest to Paris this summer - KAYAK considered
round-trip, economy flight interest from the US to Paris for searches between 10/1/2023 – 3/13/2024 for travel between 7/20 – 8/15/2024.
For year over year comparison, searches between 10/1/2022 – 3/13/2023 for the same travel dates in 2023 were
considered.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/summer-2024-the-season-for-travel-savings-with-cheaper-domestic-and-international-flights-vs-2023-302138310.html
SOURCE KAYAK