After a long and at times stressful year, Ilyse Rykus and her husband David are eagerly looking forward to their trip to the Pacific Northwest this August.
Research indicates that this will be the summer of “revenge travel.” A survey from Charles Schwab SCHW, +2.16% found that traveling was the top item on people’s spending lists, with 40% of people citing it as something they want to dole out cash on. Another 24% of people said they want to go on an extended vacation.
Airlines and other travel operators are working to ramp up operations in response to the higher demand, but that takes time. And air carriers will be cautious to bring more planes back into service to offer more flights, just in case the pandemic takes another turn for the worse and travel demand subsides again.
“If you wait until Memorial Day to book your summer flights, the odds of being able to get something cheap still then aren’t good at all,” Keyes said. He noted that there are still cheap fares available, such as round-trip flights between the U.S. and Athens, Greece, for $560. Do your trip planning in reverse When booking a trip, most people start off by thinking about where they want to go and when, and only begin to consider the price at the end of the decision-making process. Instead, Keyes suggests a reverse approach.
Make the most out of flight vouchers Nadine Marie Burns, CEO and president of advisory firm A New Path Financial, and her husband had three trips cancelled due to the pandemic. Like many people, they received vouchers for their unused flights. With travel opening up again, Burns began to work on putting together some trips herself.
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