Airlines often overbook flights, encouraging passengers to volunteer for later flights in exchange for compensation that can reach up to $4,000 and hotel stays.
According to a 2024 report from the World Travel & Tourism Council, global business travel has now surpassed pre-pandemic levels and was estimated to account for $1.5 trillion in spending last year alone.
I think it's due to the economic issues where money is uncertain. People still want to travel, and some have to for reasons they can't avoid, so they're inclined to find discounts.
"The resulting hit to purchasing power could take real disposable personal income growth in 2Q-3Q into negative territory, and with it the risk that real consumer spending could also contract in those quarters."