Reported about 2 months ago
As Labor Day approaches, Priceline CEO Brett Keller discusses current consumer travel habits, indicating a strong search for value but a noted decline in leisure travel. He emphasizes the popularity of affordable cruise options and package deals offering significant savings. While flight prices have decreased compared to last year, he forecasts they might rise as airlines reduce inventory. Hotel rates have remained stable, and the industry anticipates trends to continue through the holiday weekend.
Source: YAHOO