Travelers are taking to the skies again, but the surge in demand is coinciding with high oil prices driven by Russia's war on Ukraine.
Travelers are finally taking to the skies again, but the surge in demand is coinciding with high oil prices, driven by Russia's war on Ukraine.
Gina Kramer and her daughter Frankie recently flew to Southern California to visit family they haven't seen in three years, in part because they didn't feel safe traveling during the pandemic. The trip is coming at a cost to the Kramers and other families that are prioritizing travel again. , an analytics company that tracks changes in airfare. The average cost of domestic roundtrip ticket was $330 in March, up 40% from the beginning of this year.
"Domestic bookings are surging, hotels rates are going up nearing 2019 levels," said CBS News travel advisor Peter Greenberg."People are now valuing travel as an experience they want to keep.", many of which it added during the pandemic to hotspots in Florida and Mexico, when Americans were more limited in where they could go.
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