Summer Travel: CEOs and Experts Weigh in on Airfare and Hotel Prices

Demand for travel is expected to remain high this summer, with prices for airfare and hotel rooms staying elevated. Despite concerns about consumer spending, travel industry executives remain optimistic about the future of the sector, with Booking Holdings CEO Glenn Fogel noting that travel will continue to expand better than GDP in the long run. Delta Airlines CEO Ed Bastian said that consumers are shifting from goods to services, and that the multi-year recovery from the pandemic will be stronger than expected.