COVID-19 caused many airlines to drown in debt and struggle to return to the pre-COVID times when they were profitable. How can you fight the growing airline ticket prices? Where merchants can get a secure and cheap travel merchant account?
Airline Ticket Prices on the Rise
Ticket prices are almost all-time highs these days. Based on a recent Bank of America Institute survey, spending at airlines and travel agencies has risen 60% year-over-year (YoY).
In 2021, the consumer price index for airline tickets jumped by 25%, which was the biggest rise since the Federal Reserve of St. Louis began tracking the index in 1989. In addition, a report from MasterCard Economics Institute has revealed that consumers are booking domestic and international travel at an unprecedented rate.
If you’re in the travel industry and need a secure and cheap travel merchant account, work with a reputable high risk payment processor in the field. With a reliable and experienced high risk merchant account provider, you can enjoy the most advanced fraud prevention solutions and the cheapest possible rates in the industry.
How to Fight the Growing Airline Ticket Prices
Here are several tactics you can use to save money on airline tickets:
- Check Airfares Frequently
Prices are changing constantly. Make sure to check airfares often to keep your finger on the pulse. After all, airline ticket prices can change more than one time a day.
- Consider a Travel Agent’s Help
Turn to a travel agent. Thanks to a professional piece of advice, you can book vacation packages and save a decent amount of money.
- Be More Flexible
Flexibility is the key to saving money. Why not travel to an alternative airport for a cheaper fare? You can fly with a budget airline.
- Choose Domestic Travel
Domestic travel has gained immense popularity because of COVID-19 tests. People don’t want to get stuck in a foreign country because of a positive test result.
- Use Your Points and Miles
The points and miles you’ve earned by traveling can be of help. Also, consider a trusty travel rewards credit card.
- Pay Attention to Hidden Fees
Make sure the ticket price doesn’t have any hidden fees. For example, some may not include a carry-on bag in the price.
- Use Google Flights
Consider using Google Flights and its filters. This is a free flight search tool that’s pretty versatile and user-friendly. It can help you research almost every airline and see the lowest-priced tickets.
Tips to Save on Airline Ticket Prices
Airfares are increasing drastically. The reasons include labor shortages, rising fuel costs, and a capacity deficit. Thankfully, you can take measures to save on the ticket prices. Also, make sure to work with a trustworthy merchant processor in the travel field.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter, and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high risk merchant account processor in the country that provides the safest and cheapest travel merchant account in the sapce. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.