Why This is the Cheapest Summer to Travel in Years
Predictions by experts state travellers can see the best travel offers in years this summer. The mix of low oil costs, a powerful dollar, cheaper airfares and also the impact of world events like the Zika virus and instability in Europe. These are the five(5) observed trends:
1. Lower Airfares
Travellers are seeing all-time low flight prices in 7 years. Prices have declined 12% from 2015 and over 20% from 2 years ago. Lower oil prices have reduced airline-operating cost, whereas major carriers have decreased fares to compete with budget carriers that are adding more routes.
2. More Deals in Europe
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The terror attacks in Paris, Brussels, and Turkey has also impacted tourism within the region. According to hotel consultancy MKG hospitality, Paris occupancy rates in April were down 11% year over year, with 30% of the city’s rooms left vacant. Hotels and tourism boards are attempting to lure tourists with lower rates and different incentives. In France, the state railway operator, SNCF, is providing discounted tickets on its trains whereas hotels are giving discounts of up to 30%. In Turkey, meanwhile, prices are down by over 40% with 5-star hotel rooms accessible for less than US$50.
3. Increased Availability of Caribbean and Mexico Vacations
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Summer is always a time to see bargains to the Caribbean, Mexico and Central America but this year, we are seeing especially strong offers, especially in more posh islands like Anguilla, where we don’t typically find deals.
4. Lower Prices and Stronger Demand for Asia
Lower airfares are translating into savings for vacations of more than 35% in Asia and Australia. China vacation prices are some of the lowest we’ve seen in years.
5. International Impact of Strong Dollar
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The strong dollar is translating into deals across the pond. There is more pressure on international destinations to lure travellers with deals. Hotels in cities like Paris and London are offering deals as a means to incentivize travellers to rethink their plans.