Experts eye falling deals as domestic flight prices soar

Flight prices this summer have soared at unprecedented rates, and some travel experts say travelers looking for deals should start planning their fall trips.

Domestic flight prices have jumped 47% since January, according to an Adobe Analytics report released on Thursday. The cost of domestic air tickets also increased by 6.2% from April to May, according to the report.

Customers check in for flights at San Francisco International Airport, May 12, 2022, in San Francisco.

Justin Sullivan/Getty Images

“We expected to see high demand through 2022,” said Patrick Brown, vice president of growth marketing at Adobe. “And consumers spent twice as much as last year, but prices rose even faster than demand.”

Brown also said the price increase “hasn’t dampened travel demand.”

“Despite the steep month-to-month price increases, we are seeing consumers still book travel as they look for other ways to do so and get creative with when to travel,” said Brown said.

However, travel experts said there are still a few ways travelers can find affordable travel options or more room in their travel budget.

Scott Keyes, the founder of Scott’s Cheap Flights, said cheap flights “didn’t go away forever”, but are for travelers looking to book this summer.

“It’s really too late to get a bargain for your summer trips, but that’s because it’s June already,” Keyes told ABC News.

Keyes said there are still “a ton of deals to be had” for those looking to book a fall or winter vacation. For the same seven-day trip from Los Angeles to Maui, waiting a few months could save travelers more than 70%, according to Scott’s Cheap Flights.

“Flights July 1-8 from Los Angeles to Maui are $725 round-trip,” Keyes said. “But flights from Los Angeles to Maui from September 1-8 are only $161 round trip.”

But, says Keyes, to get those deals, travelers need to book now.

“My recommendation is to book those fall flights now when fares are really cheap and give yourself a trip on the books to expect whatever you can dream of,” Keyes said.

PHOTO: Tourists line up at the Eiffel Tower in Paris, May 31, 2022.

Tourists line up at the Eiffel Tower in Paris on May 31, 2022.

Bloomberg via Getty Images

For travelers who have already booked flights or are still researching destinations, the strength of the U.S. dollar could mean more bang for your buck in some foreign destinations, according to Haley Berg, an economist at booking platform Hopper.

“The dollar has appreciated against many local currencies, the Mexican peso being one of them,” Berg said. “So many of these Central American and Caribbean countries may be more attractive to visit this summer than in previous years.”

The strength of the US dollar will particularly benefit travelers to Europe this summer, where the euro has depreciated by almost 15%. Berg said that even though airfare prices to Europe are on the rise, the dollar parity will help travelers stick to their budget.

“When you go shopping, stay in hotels, eat out, your dollars will go about 6% higher than in 2019,” Berg said.

ABC News’ Sam Sweeney contributed to this report.

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