Tired of high hotel rates and airfares this summer? Just wait. Travel prices may be about to go into a tailspin — again.
But doesn’t this happen every year, as fall approaches? No. Not like this.
When I talk to travelers who are making plans this autumn, I hear about dramatic, unexpected bargains. Connect the dots with what I’m hearing from travel companies, who are telling me that some rates will be on par with last year’s record-low prices, and you might reasonably conclude that things are about to get interesting.
And then there’s this: The feeling that the worst is yet to come. Know what I’m talking about? It’s like the pit in your stomach right after the first drop on the rollercoaster, that premonition that you’re about to go freefalling off a precipice. I don’t know why I feel that way, other than the fact that the pundits have been talking about a double-dip recession for the last few weeks.
It wasn’t supposed to happen like this. Airfares, car rental rates, cruise prices and hotel rates should be recovering from their record lows in 2010. And for a while, it looked as if that was happening. But one ash cloud, an oil spill and a wobbly recovery later, room rates are basically on a par with last summer’s record low rates and air fares, which are up slightly now, are already starting to head south for the fall in selected markets.