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• Bookings were down by 2.3% in May due to increased fares
Prices for domestic flights in the US were 30% higher in May than 2019 amid growing travel demand, according to an Adobe report published Tuesday.
Consumers spent $8.3 billion on domestic tickets last month, an increase of 6.2% from April.
As a result, bookings were down by 2.3% on a monthly basis, showing the impact of elevated prices.
“While some consumers have been able to stomach the higher fares, especially for those who delayed travel plans during the pandemic, the dip in bookings shows that some are rethinking their appetite for getting on a plane,” said Vivek Pandya, lead analyst, Adobe Digital Insights.
Airfares have soared sharply due to high fuel prices, labor shortages and high travel demand.
Picture Credits: Getty Images
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