Business
US consumers spend $11 bn more online for domestic flights this year
San Francisco, Nov 25
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 spend, 17 per cent 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 per cent 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.
"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 per cent over 2019 levels and 2 per cent month-over-month.
But despite elevated prices, demand remained strong. Consumers spent a total of $7.7 billion in October this year, 15 per cent more than October 2019.
Based on arrival sites, Hawaii is a top holiday travel destination, said the report.
47 seconds ago
Soha Ali Khan, daughter Inaaya opt for eco-friendly Ganpati Visarjan, Kunal Kemmu joins in
1 minute ago
Meenakshi Seshadri relives evergreen song ‘Baali Umar Ne Mera Haal Woh Kiya’ from ‘Awaargi’
6 minutes ago
India poised to scale Rs 50,000 crore defence exports target by 2028: Top official
7 minutes ago
Centre okays 1-time interest free Rs 50,000 loan per barn for FCV tobacco growers in Andhra
7 minutes ago
Energy sector exemplifies 'scale and breadth' of growing US-India partnership: Official
8 minutes ago
Traders body CAIT distances itself from protest call on MDR
10 minutes ago
Malaysian minister coming on palm oil mission to India
11 minutes ago
Indian economy performing strongly despite external headwinds: RBI Bulletin
5 hours ago
CONGRESSMAN TOM SUOZZI RECEIVES ENTHUSIASTIC WELCOME AT 9TH GANESH UTSAV IN BELLEROSE
13 hours ago
India bats for stable maritime zones, continuity of statehood for island and coastal States
13 hours ago
Global South's voice will continue to matter amidst geopolitical fragmentation, conflicts: EAM Jaishankar
13 hours ago
SC upholds Bombay HC view that ‘Dua’ for poll victory is not religious appeal
13 hours ago
In New York, EAM Jaishankar spotlights India's concerns over attacks on seafarers
