Held off on taking a summer vacation? You may still be able to squeeze in one on the cheap.
Record numbers of travelers have been flooding airports since the pandemic, but U.S. airlines now face a surplus of empty seats after racing to add capacity. Many are slashing prices to fill them, making bargain flights more readily available than they have been in years, travel agents and industry experts say.
“Deals are easier to find this summer since prices are already so low,” said Hayley Berg, lead economist at the travel booking site Hopper.
Flights overall were at least 5% cheaper as of June than the year before, government inflation data shows. Hopper estimated domestic airfares for August are down about 6% since a year ago, and it flagged supercheap domestic round-trip deals this month — like $69 for Chicago to Baltimore and $82 for New York to Nashville.
And it’s not just airfares — costs are cooling off for car rentals and hotel rooms too. They were down roughly 6% and 3% year over year, respectively, in the federal data and are now about flat in most cities on Priceline.
For clients with a little flexibility in their travel dates, I’ve been able to get very low airfare for last-minute trips.
Ashley D’Aristotile, owner of Flyaway Travel
The discounts expand the map for late-season travelers and coincide with a broader value push this summer. Restaurant chains from McDonald’s to P.F. Chang’s are dangling promotions to hang on to frugal customers. The gambit is largely working, with major retailers’ recent sales helping prop up consumer spending and the economy as a whole.
Vacation-planning procrastinators are having better luck this year.
On July 26, Debra Banton, 61, and her 26-year-old daughter Rachel booked a trip overseas departing in two weeks.
“We usually plan way in advance, never last minute,” said Banton, who lives in Charleston, South Carolina. But Rachel works full time while attending school, leaving little down time, and since she’s never been to Europe and is getting married next May, they figured now’s their best shot.
“With just four weeks’ planning time, I was able to secure the last few rooms at some fabulous resorts in Greece and get them a great deal on business-class air to Athens,” said Kimberly Hilliard, their Annapolis, Maryland-based travel adviser with Front Porch Travel.
While prices typically come down heading into the fall, the current end-of-summer season is a “unique window” for travelers who haven’t booked far in advance, said Jesse Neugarten, the CEO and founder of Dollar Flight Club.
The flight alert site said the average international airfare from the U.S. over the next three months is $401, and the average domestic flight costs $212 — collectively down an average of 29% from the same period a year ago.
“For clients with a little flexibility in their travel dates, I’ve been able to get very low airfare for last-minute trips,” said Ashley D’Aristotile, the owner of Orlando, Florida-based Flyaway Travel.
Lousson Smith, a flight expert at the travel site Going, agrees: “At this point in the summer, if you’re flexible, you can find something really nice under $150 nonstop from major markets, but anything under $200 this late in the game is a decent deal.”
While the costs of U.S. flights to Europe soared during the post-pandemic travel boom, Hopper estimates international airfares have fallen 9% since last summer. Round trips from Boston to Dublin, for example, have been going for as low as $415 this month, Hopper said, and there are $461 options between Chicago and Paris.
Domestically, the Southeast is seeing some of the best bargains, according to Priceline, with both Miami and Nashville making its “most affordable” list for August.