The 2025 travel forecast indicates mixed pricing trends, with airfares projected to rise significantly, especially in spring and summer. In contrast, hotel rates are mostly stable, with only a slight increase anticipated, particularly in luxury segments. International airfares have shown a decline in certain regions like Asia and the Caribbean. Cruise prices are also on the rise due to high demand, with cruise lines offering added value through incentives instead of fare reductions. Overall, travelers should prepare for higher costs in several areas, particularly flights.
Hayley Berg, the chief economist for Hopper, noted that domestic airfares in 2025 are expected to remain above 2023 and 2024 levels, especially in spring and summer.
Luxury hotels are thriving compared to economy ones, which are set to increase rates marginally by just .2 percent, according to Jan Freitag from CoStar.
Cruise prices remain high due to robust demand, with an estimated increase of 6 percent in summer 2025 rates, according to Cruise Critic.
Jamie Cash emphasized that the cruise industry prefers to enhance value with incentives like prepaid gratuities rather than simply cutting fares.
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