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Thursday, May 2, 2024

Airfares surge 40% to 60%, but India still wants to vacation abroad

As countries began to relax entry norms last year, some decided to immediately plan their travel and fulfil their pent-up desire for a foreign vacation, while many others put off a trip until airfares stabilised. But for the second consecutive year, ticket prices continue to remain high, with some destinations in Europe and the Middle East seeing airfares rise by 40% to 60% from last year. Yet the urge to travel is stronger.

A one-way economy airfare from Mumbai to Paris booked 15 to 30 days in advance for travel in May costs ₹42,990, and Mumbai to Rome costs ₹41,666, according to data provided from travel booking portal ixigo.com (prices fluctuate online). The same fares last year were between ₹25,000 to ₹30,000, indicating a rise of 40% to 60%. Mumbai-London tickets are also about 37% higher than last year, despite a higher demand, with ixigo seeing an increase in bookings…

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