Consumers are becoming increasingly more hesitant to purchase airline tickets as spending dropped by more than a billion dollars in April.
Last month, online spending for domestic flight bookings totaled $7.8 billion, a 13% decline from the $8.8 billion spent in March, according to new data from Adobe.
Overall, bookings declined by 17%, according to Adobe.
Online spending was still 23% higher compared with April 2019, however, bookings were only up 5%. The wide gap, according to Adobe, underscores how consumers have been shelling out “considerably more for the same amount of service.”
From March to April, prices alone increased 8%.
April’s prices were also 27% higher compared with the same time in 2019, marking the third consecutive month when prices have risen over pre-pandemic levels, according to Adobe.
Prices in March were up 20% compared with 2019, and prices in February were up 5%.
“An uncertain economic environment is pushing some consumers to reorient their travel plans,” Adobe Digital Insights lead analyst Vivek Pandya said in a statement.
There are some indications though “that some have chosen to delay their travel plans rat…