Sky high: Flying during Diwali will likely cost 20-30% more this year
You may have to shell out 20-30% more than last year if you plan to fly this Diwali. The price increase stems from strong demand and an increase in the price of aviation turbine fuel (ATF).
“Flight searches are up 25-30% for leisure travel for the week of Dussehra and Diwali compared to last year. With international travel fully open to tourists this year and fewer entry requirements for vaccinated travellers, we can expect an increase in holiday travel demand similar to pre-pandemic levels,” said Rajnish Kumar , co-founder of ixigo.
According to data compiled by online travel portal ixigo, average air fares have increased by 20-33% on metro lines such as Mumbai-Delhi, Bangalore-Delhi and Hyderabad-Delhi.
On the Delhi-Hyderabad route, air fares have increased by 3% compared to last year. However, on routes like Kolkata-Delhi, Kolkata-Mumbai, Delhi-Mumbai and Delhi-Bengaluru, fares are lower by 2-7% on an annual basis.
While the price of ATF jumped 83% in September on an annual basis, the capacity deployed by airlines also increased. Airlines flew 37% more and carried 50% more passengers last month compared to August 2021.
“The party travel market is expected to grow 35% year-over-year. The surge seen during the Independence Day and Ganesh Chaturthi holidays is a clear indication of the pent-up demand we expect to see during the festive season.
Mumbai, Goa and Jaisalmer recorded the peak booking share (over 40% of hotel bookings) in India during Dussehra and Diwali. Singapore, Dubai and Pattaya (Thailand) have the maximum share (38% of hotel bookings) internationally during this period,” said a Cleartrip spokesperson.
“We have seen an increase of approximately 5-7% in demand and booking inquiries for the upcoming holiday season compared to 2021. We are optimistic that the holiday season along with the high volume of pent-up travel demand will propel further industry growth,” said Bharatt Malik, Senior Vice President (Flights), Yatra.com.