New York, NY–Late-bookers of summer trips to Europe from the United States should brace for “extremely high” prices, warns Hopper Lead Economist Hayley Berg.
“Travelers who haven’t booked their summer trips to Europe aren’t going to want to hear this… If you’re booking a European vacation now, you are definitely paying a premium for your procrastination,” Hopper Lead Economist Hayley Berg told Yahoo Finance Live, as per a Yahoo! News report.
The report noted that this could be a bitter pill for the 89% of Hopper users planning to traverse international borders this summer, with Europe being the favored destination. This summer, the average fare to Europe is $1,196, marking an around $500 rise from 2021 and the steepest since 2018.
“Americans are biting the blood on those airfares,” Berg said, per the report. “We’re seeing incredible demand throughout the end of the summer.”
The report noted that such high prices might put famed locations like Rome, London, and Paris beyond reach for many. Berg suggested considering lesser-known European countries like Portugal, which has grown in popularity and offers relatively affordable flights and domestic travel costs.
As per the report, citing Portugal’s continued affordability, Berg predicted the trend to last for the next 18 months, after which it might follow the trajectory of popular destinations like Iceland.
Regarding budget travel alternatives, Berg recommended early fall travel with plans made three to four months in advance for the best deals.
In the report, Berg also pointed out the increased propensity among consumers to quickly plan trips, spend more, and undertake additional annual travel while still hunting for the best bargains. Despite price sensitivity and deal-seeking behavior, Berg noted the continued strength of the travel demand, propelling more vacations and an additional domestic trip each year.
Learn more in the full Yahoo! News report.
