The air travel market has shifted toward last-minute bookings, one-way flights and more domestic trips as consumers grapple with fast-moving changes due to the coronavirus pandemic, a report from online search and booking site Skyscanner shows.
The new trend will be an advantage for low-cost carriers that are able to offer competitive pricing amid an uncertain future for business travel, which was previously a major profit driver for full-service airlines, the report said.
“I think generally we have seen if you look at the market prices are much keener than you would expect,” Skyscanner Vice President Commercial and Flights Hugh Aitken told Reuters in a phone interview. “That just reflects that airlines have capacity and need to fill that capacity.”
Visits to the Skyscanner website, owned by Trip.com Group Ltd, are down by 60% to 70% due to the pandemic’s impact on travel demand, Aitken said.
Searches to travel within a week have been trending upward since June, around the time that lockdowns ended in many countries, according to Skyscanner’s data. Globally, these searches are up about 20% from a year earlier.
“When you see restrictions being lifted there is a frenzy,” Aitken said, using the example of when Britain stopped requiring quarantines on return for many countries.
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