Adit Damodaran | Source | Pricing Analyst, Disruption at Hopper
Adit Damodaran
Adit is currently an economist at Hopper. As an Economist, he works with various types of travel data (i.e. airline, hotel, rental car, etc.). He combines his background in economics and data science to uncover interesting trends and insights about where people are headed and how they can save the most on their way there.
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Hopper (https://www.hopper.com/)
Pricing Analyst, Disruption
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Here's where to book your next vacation once those COVID-19 bargain prices dry up
Travel has been a buyer's market throughout the COVID pandemic but the bargains are going to start disappearing as more Americans get vaccinated.
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Travel agencies, cruise lines and airlines gear up for rebound in bookings
"Many people are already actively planning their next big trip," said one travel expert. "And it is not too early to book for 2022, especially with trip protection."
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What will happen to airfares in 2021?
If you're booking a trip, read the fine print on the cancellation policy.
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In the wake of the Covid-19 pandemic in Spring 2020, roundtrip airfare dropped around $60 with lower travel demand. Similar to past years, we saw price increase into the summer, fall during the autumn shoulder season, and rise again into the holidays.
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Domestic airfare prices are expected to rise in mid-to-late March and gradually return to 2019 levels over the course of the year. And it is not too early to book for 2022, especially if you're booking with trip protection or flexible booking options.
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The strongest increase will probably happen in late spring and early summer 2021, once the vaccine is more widespread.
