Travelzoo is a global media commerce company. With more than 28 million members in Asia Pacific, Europe and North America and 25 offices worldwide, Travelzoo® publishes offers from more than 2,000 travel, entertainment and local companies. Travelzoo’s deal experts review offers to find the best deals and confirm their true value. With more than 15 years experience in the travel industry, we are able to comment on travel trends, destinations, money-saving tips and the travel industry at large.
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NEW YORK, May 26, 2016 – As Memorial Day kicks off the start of the summer travel season, Travelzoo (NASDAQ: TZOO), a publisher of travel deals, predicts Americans will see the best travel offers in years this summer. The combination of low oil prices, a strong dollar, cheaper airfares and the impact of global events such as the Zika virus and instability in Europe, means Americans can expect to spend up to 40% less than last year on summer vacations.
Travelzoo’s staff in the U.S. sees five trends in the market:
Lower Airfares:Travelers are seeing the lowest flight prices in seven years. Prices have declined 12% from 2015 and over 20% from two years ago. Lower oil prices have decreased airline-operating costs, while major carriers have dropped fares to compete with budget carriers that are adding more routes.
International Imp...Read more from this release