Gotta Fly? Now’s the Best Time to Book

For travelers looking forward to take flight in the coming months now is the time for you to book that flight. Airfares for many routes haven’t been this low for at least a year. Some fares have even dropped less than half as compared to prices last winter. Also, they are far less than they were last summer.

As the airlines are more eager to fill their seats during recession, now is the best time for bargain-hunters to grab the lowest fares they have been looking for. The question, however, is how long the discounts will last or whether cash-strapped consumers have enough money to take advantage of them. According to Aviation consultant Michael Boyd, since airlines are cutting flights, travelers will be able to get best bargains if they “book now and book quick”.

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Domestic Airfares Likely to Drop in ‘09

The American Express Co annual business travel forecast for 2009 predicted that a weaker economy may lead to slower growth in demand for air travel in North America, making a slight decrease in air fares possible. The weakening demand and the occupancy rates along with restrictions on business travel by companies may also lead to a hike in the hotel rates.

American Express predicts that short-haul economy-class air fares in North America in 2009 could fall up to 3 percent or rise by no more than 5 percent, and that international business class fares will rise by between 1 and 6 percent. The forecast expects mid-range hotel rates in North America to rise by no more than 6 percent or fall by up to 1 percent.

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