According to a recent report from travel booking site Hopper, airfares to Europe and Asia have reached a five-year high, and almost every aspect of travel is becoming more expensive.
The average cost of a round trip airfare to Europe has gone up to $1,167, compared to last year’s cost of $850, while airfares to Asia have surged to an average of $1,817 for a round trip ticket, as opposed to just $917 in the summer of 2020, during the pandemic.
The cost of hotel bookings has also increased significantly. The most sought-after destination, New York City, is 51% more expensive than last year and now costs an average
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