May Online Airline Bookings Fell Amid Soaring Ticket Prices: Adobe
Despite a consumer spending shift from home-based goods to entertainment and travel, high prices are making a dent in summer travel plans, reported Adobe Tuesday. Online prices for domestic flights in May were 30% over 2019 levels, it said. It…
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was the fourth consecutive month of higher ticket prices vs. pre-COVID-19 pandemic levels. Online domestic bookings for summer travel are down 2% in 2022 through May vs. the first five months of 2019, but spending is up by 11% for the period, showing the impact of higher fares, Adobe said. Domestic flight bookings in May accounted for $8.3 billion, up 6.2%, from April, it said. Adobe measures direct consumer transactions from six of the top 10 U.S. airlines and over 150 billion web visits.