Rising Gas Prices Aren’t Keeping Americans from Traveling

Key Insights

  1. With pandemic restrictions lifted, Americans are looking to travel again.
  2. Rising fuel prices have only increased the cost of flights by roughly 10%.
  3. Staffing shortages are cited as the most likely reason for increases in the cost of flights.

Just as many Americans start to see the “light at the end of the tunnel” after lockdowns and COVID-19 restrictions have been lifted, gas prices skyrocket to levels higher than the 2008 recession. So, how will rising gas prices affect future travel? According to travel and hospitality expert Sarah Dandashy, not very much.

While everyone is seeing the prices go up at the pump, overall Americans are not letting that expense impact their vacation plans. This is likely due to many delaying their travels during the peak of the pandemic, and now they’re ready to get back to exploring.

However, Dandashy commented that since the gas prices affect car and air travel, Americans are still considering their budget when planning. “More so, these rising gas prices are influencing how many times people will go on trips as well as how far people are willing to go,” she explained.

Interestingly enough, airfare has only risen by 10 percent per flight — at least for Delta and Jet Blue airlines. What does that translate to? “About $10–20 of an increase in a price for a one-way fare. So that really isn’t that much,” Dandashy added.

Instead, like many other industries, the greatest issue for airlines is staffing, and the shortage is impacting all roles from pilots to baggage handlers. To compensate for this, airlines are having to reduce flight options, which will in turn increase competition to get a seat. In reality, that will influence flight costs more than gas prices will.

Ultimately, Dandashy remains optimistic about the outlook for the travel industry and hopes listeners have something exciting planned for the year. Hawaii, anyone?

Follow us on social media for the latest updates in B2B!

Image

Latest

ensuring excellence
Ensuring Excellence: Jonathan Yu’s Commitment to Quality Control
June 15, 2024

Meet Jonathan Yu, the meticulous Quality Control Manager at Rentex, Philadelphia. Jonathan helps to ensure project success for Rentex customers by keeping all equipment is in tip-top shape. With the precision of a Jedi, he maintains the highest standards of quality and reliability, bringing unparalleled dedication his role. Join us in celebrating Jonathan’s hard work…

Read More
resilience in action
Resilience in Action: Rodney Krantz’s Operational Expertise
June 15, 2024

Meet Rodney Krantz, the dynamic Operations Manager at Rentex Las Vegas. Rodney thrives in the bustling environment of Las Vegas, expertly managing operations with remarkable resilience and determination. His journey as a cancer survivor adds to his strength and dedication, inspiring those around him. Join us in celebrating Rodney’s unwavering commitment and the vibrant energy…

Read More
mastering multitasking
Mastering Multitasking: Garrett Millar’s Warehouse Leadership
June 15, 2024

Meet Garrett Millar, the adept Warehouse Manager at Rentex, Las Vegas. Garrett excels at multitasking, expertly juggling numerous responsibilities to ensure smooth and efficient operations. His ability to handle diverse tasks with precision and agility keeps the warehouse running seamlessly. Join us in celebrating Garrett’s dedication and the exceptional management skills he brings to our…

Read More
Tech-Savvy Leadership: Robert Zicarelli’s Warehouse Expertise
June 15, 2024

Meet Robert Zicarelli, the diligent Assistant Warehouse Manager at Rentex Las Vegas. Robert excels in maintaining efficient warehouse operations with a keen eye for detail and organization. His strategic approach to challenges is as meticulous as fine-tuning a high-performance car. Join us in celebrating Robert’s dedication and the innovative energy he brings to our Las…

Read More