Summer 2024: the Season for Travel Savings with Cheap(er) Domestic and International Flights vs. 2023
In May 2024, KAYAK released its Summer 2024 Travel Forecast, showcasing a 13% decrease in domestic and 3% decrease in international airfare compared to 2023. The report highlights top trending destinations, wallet-friendly hotspots, and travel tips for the upcoming season. Travelers can expect cheaper flights over holiday weekends and should plan international trips post-July 4th for lower airfares.
Airfare prices for domestic flights are down 13% compared to 2023, offering travelers significant savings.
Top trending destinations like Africa, Vienna, and Bucharest are gaining more interest, providing travelers with culturally diverse options.
Holiday weekends feature cheaper airfare, with Memorial Day Weekend seeing a 16% decrease and July 4th holiday flights experiencing a 17% decrease, benefiting budget-conscious travelers.
Despite the overall decrease, international airfare is only down by 3% compared to the previous year, which might not result in significant cost savings for travelers.
While the report showcases cheaper flights to certain regions, travelers might still face challenges in finding budget-friendly options to all destinations they wish to explore.
KAYAK Reveals 2024 Summer Travel Forecast & Top Trending Destinations
"This summer's trending destinations - places gaining more interest vs. last year - are ones we haven't seen 'pop' in years past. From
The TLDR on summer travel:
- Holiday weekends are cheaper than last year. The average airfare for a domestic flight over Memorial Day Weekend is
$398 16% YoY), and the average airfare for a domestic flight over the July 4th holiday is$477 17% YoY). Africa is on the radar with searches up6% YoY - more than any other region in the world.Asia's been bumped to the #2 trending region, though searches are still up5% YoY.- Head south for cheaper flights. Sun-soaked regions like
Mexico (-16% YoY),Caribbean (-15% YoY) andCentral America (-14% ). Paris is going for gold. US flight searches forParis are up26% and hotel searches for the destination are up180% from last year, which is no surprise given that our favorite athletes will grace the city this summer. KAYAK's new Price Pulse tool shows how flight and hotel prices are changing as we approach the summer of sport.- To save on international travel - look at August. International airfare costs dropped by
3% since last year and August 12-25 is currently tracking as the cheapest time to fly internationally, based on our data.
KAYAK's AI tools are fueling a paradigm shift in travel exploration and deal hunting:
- Do a KAYAK PriceCheck: Share or upload a screenshot of a flight itinerary from any mobile site, and KAYAK will quickly check hundreds of sites to verify if you found the best price.
- Ask KAYAK: Powered by KAYAK data and AI, use simple, personalized text entries to figure out where to go next, and to search and refine your travel results.
- Set a Price Alert. Get notified when prices change for a flight or hotel you want. If a flight you're eyeing drops by
$50
To score the best flights, hotels and rental cars, visit www.kayak.com.
About KAYAK
KAYAK, part of Booking Holdings (NASDAQ: BKNG), is the world's leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car and vacation packages. We also support business travelers with KAYAK for Business, our free corporate travel solution, and are transforming the in-travel experience with our app and new hotel and accommodation software. For more information, visit www.KAYAK.com
Data Methodology
- The Travel Check-In: Summer 2024 report is based on an analysis of searches originating in the US for roundtrip, economy flights on KAYAK.com between 11/1/2023 - 3/15/2024 for travel between 5/24/2024 - 9/3/2024. Year-over-year data is based on the comparison of searches made between 11/1/2022 - 3/15/2023 for travel between 5/26/2023 - 9/5/2023. Certain destinations were excluded in the case of insufficient data or according to the official travel advisory at the time when the data analysis was conducted. Prices and percentages are on average and are subject to change.
- To determine the search interest to
Paris this summer - KAYAK considered round-trip, economy flight interest from the US toParis for searches between 10/1/2023 – 3/13/2024 for travel between 7/20 – 8/15/2024. For year over year comparison, searches between 10/1/2022 – 3/13/2023 for the same travel dates in 2023 were considered.
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SOURCE KAYAK
FAQ
What is the average decrease in domestic airfare compared to 2023?
The average decrease in domestic airfare compared to 2023 is 13%.
When is the best time to plan an international trip for lower airfares?
Planning an international trip post-July 4th is recommended to take advantage of lower airfares.
What are some top trending destinations highlighted by KAYAK for Summer 2024?
Top trending destinations include Africa, Vienna, and Bucharest, offering travelers culturally diverse experiences.
