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| AIRFARE PRICING SHOWS SMALL SIGNS OF STABILIZATION |
For Fall Vacations, Hotels Offer Travelers Best Value SOUTHLAKE, Texas (October 1, 2009) - Travelocity's most recent data report shows airline capacity cuts are starting to have their intended effect: While still lower year-over-year, airfares have stopped their descent over the past eight weeks. Meanwhile, year-over-year hotel price declines for fall are still deeper compared to summer's declines. Fall 2009 Summer 2009 Airfare YOY Decline - 14% - 18% Hotel ADR YOY Decline - 16% - 13% “Over the last eight weeks, airfares have shown some signs of stabilization,” said Genevieve Shaw Brown, Travelocity's Senior Editor. “The year-over-year percentage decrease has decelerated as departure date approaches. This is a change from summer airfare, when fares continued to fall even as departure date neared.” As of July 15 As of August 15 As of September 15 YOY Fall Airfare - 15.3% - 14.5% -14% For travelers, it may be time to reconsider waiting until the last minute to book a flight. With the fewest available airline seats since 2001*, there's more competition among travelers to snag the lowest-priced tickets on flights. Booking in advance is the best way to ensure getting the most desirable flight date, time and price. “This is by no means the end of great deals for travelers,” said Brown. “But it's in travelers' best interest to look to hotels for great savings and not get so fixated on the cost of a flight. Hotel prices still offer amazing travel deals – something consumers should take advantage of while it lasts.” Travelocity's PriceGuardian SM program automatically refunds customers from $10 to $500 when another customer books the same flight + hotel vacation package after them for a lower price, eliminating the concern that booking early will cause a traveler to miss out on a last-minute deal. *according to the Associated Press For more information on travel, visit The Window Seat ® Travel Blog.
CONTACTS: Alyson Gomez |
