By Hugo Martín, Los Angeles Times
November 21, 2011
If you plan on traveling for the Thanksgiving holiday, the cost of your trip will probably be higher than last year, and the financial pain could strike almost every aspect of your vacation. Even the cost of the turkey dinner.
The average round-trip airfare for travel Wednesday through Sunday to the 10 most popular destinations in the United States has jumped 11% to $373 compared with the same period last year, according to an analysis by Orbitz Worldwide Inc., one of the nation's busiest travel websites.
Flights to New York for the holiday will rise the most, jumping 20% over last year, with an average round-trip price of $342, according to Orbitz. Round-trip flights to Los Angeles will jump 12% to $429, according to the travel website.
Meanwhile, the average hotel rate for the nation's top 25 destinations for Thursday to next Monday is expected to jump nearly 5%, to $126.35 per night, according to a report by TravelClick Inc., a New York company that provides e-commerce products and services to the hotel industry.
New York has the highest average hotel rates, $205.99 per night, an increase of 3.7% over last year, according to TravelClick. In Los Angeles, the average hotel rate will go up 4.6%, to $112.42 per night.
And you won't escape the higher prices by driving: Gas prices reached the highest levels ever in the week before Thanksgiving, according to the Automobile Club of Southern California.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area was $3.82 per gallon last week — 66 cents higher than the same time last year.
And with food prices on the rise, the American Farm Bureau Federation is predicting that the cost of a Thanksgiving dinner in the U.S. will rise 13% this year, the biggest increase in two decades.
http://www.latimes.com/business/la-fi-1 ... 0168.story
Discussion of the economy
Moderator: Super Moderators
2 posts • Page 1 of 1