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US Domestic Aviation Market Grows by 17 Percent as Compared to 2019-20

IANS

Last Updated: November 25, 2022, 11:52 IST

San Francisco

Image used for Representation. (Photo: Shutterstock)

Image used for Representation. (Photo: Shutterstock)

Prices for domestic flights have continued to rise and in October, prices increased 24 percent over 2019 levels and 2 percent month-over-month

The US consumers have spent $11 billion more online for domestic flights this year, compared to pre-pandemic levels, a report showed on Friday. Domestic flight bookings so far this year have driven $76 billion in online spending, 17 percent more than the comparable period in 2019 (pre-pandemic), where $65 billion had been spent.

While the $11 billion difference is partly driven by higher prices, bookings have also grown 5 percent compared to 2019, according to data from Adobe Analytics Insights.

In comparison, the same periods in 2021 and 2020 (January-October) brought in $43 billion and $32 billion, respectively. “After record spending on physical goods in the first two years of the pandemic, we see consumers shifting more significantly towards services such as air travel," said Vivek Pandya, lead analyst, Adobe Digital Insights.

Also Read: US-India Aviation Market Grows by 10 Percent as Compared to 2019-20

“We expect the momentum to carry through the holiday season, even as prices remain elevated above pre-pandemic levels," he added. Adobe measured direct consumer transactions from six of the top 10 US airlines and over 150 billion web visits.

Prices for domestic flights have continued to rise and in October, prices increased 24 percent over 2019 levels and 2 percent month-over-month. But despite elevated prices, demand remained strong. Consumers spent a total of $7.7 billion in October this year, 15 percent more than October 2019. Based on arrival sites, Hawaii is a top holiday travel destination, said the report.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
first published:November 25, 2022, 11:52 IST
last updated:November 25, 2022, 11:52 IST
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