Since 2022, travellers on popular local flight routes have found some reprieve as prices have steadied and, in some cases, even decreased. This comes as a welcome change after experiencing a notable increase in prices since 2019.
However, the picture is not uniform across the board, as international routes have witnessed price hikes in 2023 due to rising demand.
These insights are among the findings from the SpendTrend 2024 report, a collaborative effort between Discovery Bank and Visa, looking into credit card spending behaviour to discern consumer spending habits.
The report sheds light on the dynamics influencing flight prices, particularly on main routes, where demand plays a pivotal role.
As a result, travellers often find themselves shelling out more to fly during peak days and times. Understanding these nuances is key to securing the best deals on airfare.
Picking the Right Time to Fly
For the most popular local route - Johannesburg to Cape Town - return - thr report notes the following:
Cheapest Time to Fly: Sunday, 05:00
Most Expensive Time to Fly: Friday, 16:00
According to the SpendTrend 2024 report, to snag the most affordable flights on these popular local routes, consumers need to be vigilant regarding average prices throughout the day. Prices exhibit significant fluctuations based on demand, with certain days and times offering more budget-friendly options than others.
Implications and Recommendations
These findings underscore the importance of timing when it comes to booking flights. While it might not always be feasible to adjust travel plans to fit the cheapest slots, being aware of the pricing trends can certainly help in making informed decisions.
For budget-conscious travellers, flexibility is key. By being open to flying during off-peak times and days, one can potentially save a significant sum. Additionally, leveraging tools such as fare comparison websites and setting up price alerts can aid in monitoring fluctuations and pouncing on favourable deals.
Moreover, it's advisable to book flights well in advance, especially for peak travel seasons or holidays, as prices tend to surge closer to the departure date.
Whether it's leveraging off-peak timings or exploring alternative routes, strategic planning remains the cornerstone for savvy travellers seeking to navigate the dynamic realm of flight prices.
By understanding the factors influencing pricing and strategically timing their bookings, travellers can navigate the skies more economically, ensuring a budget-friendly experience.
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