Airfares over the Labor Day holiday have fallen but other travel costs have risen from a year ago.
Domestic airfare is down 5% compared to last year's Labor Day airfares, and down 17% compared to 2019 levels, data from travel app Hopper reveals.
"Prices are low due to high supply in the market from airlines and more favorable fuel prices in today's market compared to last year," according to Hopper.
Another source, the American Automobile Association, says domestic airfare is 2% cheaper this Labor Day weekend than a year ago, with an average price for a U.S. domestic roundtrip flight of $780. International flights cost 8% less at an average cost of $1,370, AAA said.
Domestic car rentals are 16% cheaper this Labor Day weekend compared to last year, averaging $560 for a several-day booking, but international car rentals are 21% more expensive, averaging $1,100 for a several-day rental, AAA said.
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Labor Day cruise fares have also risen.
Cruises departing from domestic cities are 5% more expensive this Labor Day weekend compared to last year, at an average cost of $2,600, AAA data shows.
Cruises departing from international cities are 17% more expensive this Labor Day weekend compared to last year. The average cost for international cruises is $3,500.
Places to stay for travelers who are keeping to land over Labor Day have also risen, according to AAA data.
Domestic hotels are 7% more expensive this Labor Day weekend than a year earlier. The average price for a few nights' stay comes to $560, while the average price for the same booking at an international hotel has gone up 2% to $600.
Price Action: Airlines, cruise companies and hotels mostly traded higher late Friday ahead of the holiday weekend.
- American Airlines Group Inc. (NASDAQ:AAL) gained 1.98% to $10.60.
- Southwest Airlines Co. (NYSE:LUV) edged up 0.5% to $28.89.
- Disney Cruises, owned by The Walt Disney Company (NYSE:DIS), remained unchanged at $89.81.
- Royal Caribbean Cruises Ltd. (NYSE:RCL) dipped 2.26% to $163.07.
- InterContinental Hotels Group (NYSE:IHG), which owns Holiday Inn, edged up 0.09% to $100.
- Wyndham Hotels & Resorts Inc. (NYSE:WH), which owns Ramada Inn, gained 2.03% to $78.71.
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