NerdWallet: Travel prices may be dropping—is now the time to book a trip?

by | Sep 26, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  Skyrocketing airfares earlier this year and recent headlines about persistent inflation may be discouraging potential travelers. Yet recent data suggest that prices for hotels, air travel and rental cars are softening this autumn. And the U.S. dollar’s continued strength has driven down international travel costs.

The Consumer Price Index report released in September showed overall prices continuing to climb, which sent stocks tumbling. But underneath these wider trends sat a nugget of good news for consumers: Travel prices moderated.

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