How to Travel on a Budget Amid Inflation – The New York Times
Travelers are feeling the squeeze. Rising prices related to inflation, employment shortages and supply chain slowdowns are hitting the travel industry, just as summer travel planning — compounded by pent-up demand — peaks.
Prices for consumer goods were up 8.5 percent in March compared to March 2021, with airfares, up 23.6 percent, beating that. The return of leisure travel has bumped nightly hotel prices up 11.7 percent on average, to $148, according to the hospitality benchmarking firm STR, compared to 2019 at $132. Rental cars, gas and even Uber rides — up 12 percent recently, according to the marketing research firm NielsenIQ — are siphoning travel budgets.
When the going gets expensive, the frugal get smarter. You may spend more time planning your vacations while pursuing thrifty strategies, but the following tips provide a return on that investment.
On the road
High gas prices are a headwind. In a March survey from the market research firm Longwoods International, 38 percent…
Read Full Story: https://www.nytimes.com/2022/04/20/travel/budget-travel-inflation.html
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