2022 travel trends: Airline miles to lose value, negotiable hotel rates, more

2022 travel trends: Airline miles to lose value, negotiable hotel rates, more

The “CBS Mornings” collection “What’s New In ’22” takes a more in-depth take a look at the tales and developments that may outline the 12 months forward.

The travel business has confronted new restrictions, canceled journeys, vacation spot closures and job losses over the previous 12 months. What can we count on in 2022?

CBS Information senior travel adviser Peter Greenberg shares his expectations and the way vacationers ought to put together.

Flight costs will drop in January

After January 4, air site visitors traditionally drops, so costs will possible be decrease than they’re now, Greenberg stated.  

“If I wanted to book a round-trip ticket this morning from New York to Los Angeles, assuming I could even get on a plane, that round-trip fare is $700. January 5: $132,” he stated. “I also priced out a Dallas to New York trip on January 5. It was $32. The cab ride to the airport is more expensive.”

Airways will not mandate vaccines on their very own

Whereas some airline CEOs assist a vaccine mandate for vacationers, none of them need to be the one airline to implement it, Greenberg stated.

“They’re waiting for the Biden administration to make that rule,” he stated. “[The administration’s] not about to make that rule right now because their other vaccination mandate is being challenged in the courts, all the way up to the Supreme Court. So, until that’s resolved, it’s dead on arrival.”

Airline miles will lose worth

Throughout the pandemic, corporations realized their frequent flier packages have been value more than the airways themselves, Greenberg stated.

“They actually mortgaged their programs from between $6 and $10 billion each airline. That’s a lot of debt,” he stated. 

To take care of that debt, the airways will begin to devalue frequent flier miles and make it more durable to earn and redeem them, he stated. So, if in case you have lots of miles, Greenberg recommends utilizing them as quickly as potential.

“Start today. Look out about 330 days, as far out as that, and redeem miles as much as you can because starting in January, that devaluation parade is going to start and it’s not going to be pretty,” he stated.

Hotel charges could possibly be negotiable 

Anticipate to pay more for resorts within the subsequent 12 months. However in case you’re keen to make a cellphone name, slightly than ebook on-line, you might have the ability to negotiate the speed, Greenberg stated. 

“It’s not the posted rate that counts, it’s all the ancillary rates about whether you’re going to have to pay for the water, or the Wi-Fi, or the parking,” he stated, including, “as more hotels open with the same continuing staff shortages, it’s going to be a much more competitive marketplace. They’ll be much more willing to negotiate because any revenue is better than no revenue.”

Eating places will increase costs

“Expect to pay more for your menu,” Greenberg stated. “Every menu item price is going up, and a lot of things that never used to be on the menu as a charged item — they’re going to be on that.”

It is because many eating places have been dealing with staffing points which are anticipated to proceed. They will have to incentivize employees with larger wages, perks and advantages, Greenberg stated.

“That’s going to all translate into higher menu prices, not just on the entrees, but what used to come on your dish is now going to be charged as a side order. Even the bread basket is going to be a paid item.”

Regret Retiring? Try These 7 Things Previous post Regret Retiring? Try These 7 Things
17 Surprising Things You Can Sell for Extra Money Next post 17 Surprising Things You Can Sell for Extra Money