Increased demand during the ongoing festival season has caused airfares on major routes across the nation to increase by 20 per cent to 30 per cent, reported The Hindu Businessline.
Research by ixigo, an Indian AI-based online travel portal, shows that typical airfares have increased by 20–30 per cent this year on popular routes as a result of the increase in aviation turbine fuel (ATF). Around Durga Puja and Diwali, EaseMyTrip has also seen a surge in airfares on metro routes.
Aloke Bajpai, Group CEO & Co-founder of the IPO-bound OTA ixigo said to The Hindu Businessline, “With Dussehra and Durga Puja just around the corner, excitement for the festival season is at its peak. Flight searches have risen 25-30 per cent for leisure travel for Dussehra week compared to last year.”
Cleartrip’s data also revealed 23 per cent higher bookings in the same period.
Patna, Mumbai, Jaipur, Ahmedabad, Varanasi, Hyderabad, Pune, Goa, Bagdogra and Dehradun are among the top 10 leisure destinations for travel between October 01 and October 24, found the ixigo’s data.
Customer confidence has now increased as the majority of eligible citizens of India have received their booster vaccinations and the virus's impact has decreased.
This has encouraged airlines to make up for the lost revenues over the previous two years, which is supported by the raising of the airfare cap on August 31.
Ixigo has predicted that due to increasing demand for travel, last-minute prices for well-travelled routes will experience a sharp increase in airfares. For instance, on travel dates shortly before Diwali, one-way rates for routes like New Delhi to Patna, which are typically approximately Rs 5,000, might reach as high as Rs 8,000-13,000.
However, there is a decrease in airfare between Durga Puja and after Diwali in an effort to prevent further financial hardship for its consumers. Along with this, online travel agencies (OTAs) and airlines are providing their clients with flash bargains and offers.
According to Cleartrip spokesperson, there are sectors where prices have dropped and there are expensive fares too.