Budget airfares start year much lower than 2023

They'll stay below last year's level for the next few months, before coming close to parity with 2023 during the spring, according to a new Hopper analysis

Jan 4, 2024

January will be the cheapest month of the year to book travel until the fall shoulder season in September and October, so a great time for travelers to take advantage of low prices and book 2024 trips, according to Hopper economist Hayley Berg.

Key takeaways

  • For January, roundtrip, budget domestic airfares are averaging $253, Berg wrote, down 6% from last January and down 11% from last month;
  • Following seasonal patterns, budget domestic fares will continue to increase through May, reaching an average of $302 roundtrip, according to the forecast, which would be just 1% less than May 2023 airfare;
  • Hotels are averaging $214 per night, in line with prices during non-peak times over the course of 2023.

Get the full story at Travel Weekly

Related must-reads


Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from Hospitality.today and its partners.