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MasterCard recently released its travel data/statistics from the beginning of the year to present day. What did we see? Good news for the travel industry, as both consumer airline ticket sales and consumer lodging sales are up 1.8% and 3.8%, respectively, from this point last year. In fact, both categories of sales set records this year, with $5.8 billion of consumer airline ticket sales in March and $7.2 billion of consumer lodging sales in June.
What can that be attributed to? It’s hard to tell exactly what’s leading people to want to get out and travel. But, the one thing that seems to be a constant is low airfare costs, which don’t seem to stop getting lower any time soon. Low fuel prices for airlines, a strong dollar, higher demand from consumers who are saving on gas — and want to spend that saved money on travel — all seem to add up to one thing: more travel.
MasterCard’s data determined that March is the most popular month for consumers to purchase airline tickets, with the third, fifth and 10th being the most popular dates. The three biggest days for airline spending were all during the week, on either Tuesday or Thursday. On the opposite side, the top-three biggest days for spending on hotels were in July and August. Coincidentally, all three of the biggest days were Sundays (the 19th in July and second and ninth in August).
Whether you’re looking for coach flights or a premium-cabin experience, it’s a great time to book those trips!
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