PanamaTimes

Friday, Apr 19, 2024

Labor Day weekend travel to rebound to pre-pandemic levels

Labor Day weekend travel to rebound to pre-pandemic levels

The number of people traveling for the U.S. Labor Day holiday weekend is expected to rebound to pre-pandemic levels and possibly set new records in some cases, according to several travel companies.
U.S. travel demand remains elevated for the final holiday weekend of summer as people are choosing to squeeze in one more trip despite higher airfares and rates, ongoing disruptions to flights and the squeeze on household budgets due to inflation, the travel companies said.

"People are not deciding to stay home, they are still going, they are still finding a way to travel," said Paula Twidale, AAA senior vice president of travel.

The weekend of Labor Day, which always falls on the first Monday in September, may be tied with Memorial Day weekend as the busiest travel weekend of the summer with flight bookings set to match those of the May holiday, according to travel booking app Hopper. That would allow it to surpass travel volumes of the Fourth of July weekend.

Labor Day holiday travel spending is up 17% compared with 2019 levels, according to Adobe Analytics, which measures data across travel, leisure and hospitality sites.

Domestic flight prices are expected to be 20% higher than the holiday weekend in 2019 and 2021, according to Hopper.

United Airlines Holdings Inc (UAL.O) anticipates 2.6 million people will travel with the airline from Thursday through Tuesday. The airline carrier said this would nearly match its Labor Day weekend volume of 2019.

Hopper predicts 12.6 million travelers will fly from Thursday to Monday this weekend. That would be about 22% higher than passenger volumes in 2019 as reflected in U.S. Transportation Security Administration checkpoint figures.

The total number of nights booked on short-term rental platforms like Airbnb Inc (ABNB.O) and Vrbo (EXPE.O) are up over 16% this Labor Day weekend compared with pre-pandemic levels, according to short-term rental analytics firm AirDNA.

Approximately 1.76 million nights have already been booked across the holiday weekend, a record number of nights for short- term rentals during Labor Day weekend, according to Jamie Lane, AirDNA vice president of research.

"People are being a little bit more resistant to the higher prices and they're booking different types of accommodations as opposed to hotels," said Patrick Scholes, Truist equity analyst.

The average price for a domestic hotel this weekend is up 32% compared with 2019 and up 6% compared with 2021 levels, according travel search engine KAYAK.

Even international travel, which has been slow to recover to pre-pandemic levels due to COVID-19 restrictions, is set to surpass 2019 levels this weekend.

International flight bookings this weekend are up 14% compared with pre-pandemic levels, according to scheduled flight ticketing database ForwardKeys. AAA said international bookings across travel segments will more than double last year's total.

Flight cancellations are down compared with Labor Day weekend in 2021 while delays are up.

Since Aug. 17, more than 4,900 U.S. flights, or about 1.8% of the scheduled total, have been canceled and another 56,700 have been delayed, according to flight-tracking service FlightAware.

Ongoing structural airline delays and staffing woes across the industry may present obstacles and disruptions to vacations this weekend, said Robert Cole, an analyst with Phocuswright, a global travel market research firm.

"The big question at the end of the weekend is going to be, was it worth it?" he added.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×