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|TRAVELOCITY DATA SHOWS AIRFARES AT LOWEST POINT IN MORE THAN A YEAR|
Spring Airfare Shows Drops Across the Board
SOUTHLAKE, Texas (Jan. 19, 2009) - After years of increasing prices, Travelocity data reveals average domestic airfare is finally on the way down. While there's been speculation in the industry that 2009 would be the year of declining airfares, Travelocity's most recent data on spring airfares supports this with actual booking data.
“Lower jet fuel prices and weakening demand have contributed to decreased airfares,” said Genevieve Shaw Brown, Travelocity's senior editor. “This is great news for cash-strapped travelers who've been dealing with increasing airfares for years.”
The average domestic airfare for spring is down $24 as compared to the same time period in 2008 - from $393 to $369.
“Certain destinations have seen dips in price from time to time, but this is the first time in recent memory we're seeing declines across the board,” said Brown. “All 10 of the nation's most popular destinations have at least some decline in airfare.”
Domestic destinations with year-over-year declines of 10 percent or more include:
• Denver -13 percent
Travelocity® is committed to being the traveler's champion -- before, during and after the trip – and provides the most comprehensive and proactive guarantee in the industry ( http://www.travelocity.com/guarantee ). This customer-driven focus, backed by 24/7 live phone support, competitive prices and powerful shopping technology has made Travelocity one of the largest travel companies in the world with gross bookings of more than U.S. $10 billion in 2007. Travelocity also owns and operates: Travelocity Business® for corporate travel; igougo.com, a leading online travel community; lastminute.com, a leader in European online travel; and ZUJI, a leader in Asia-Pacific online travel. Travelocity is owned by Sabre Holdings Corporation, a world leader in travel marketing and distribution.