Airfare prices expected to cool off this fall

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Airfare prices expected to cool off this fall

According to Hopper, airline tickets are expected to cool off from peak summer prices with some fall domestic trips down more than $200.

As the summer travel season ends, demand for flights and hotels slows down around August. Price drops are common to help drive bookings during shoulder season. Hopper said domestic airfare in September and October will cost travelers $238 on average for a round trip, down $142 from where prices were earlier this summer. That's down 3% compared to pre-pandemic times.

Even though the prices for those tickets are still above 2019 levels, travelers will get a break on international travel. On average, the cost of international tickets will be $754 in the fall, down $179, according to Hopper. That's still 17% higher than 2019 levels.

Hopper's lead economist Hayley Berg told FOX Business that travelers should plan to book by the middle of August for domestic flights this September.

The lowest prices will be between three and six weeks before a trip, a move that has been rising rapidly in the last three weeks leading up to the departure date, according to Berg.

Trips to certain places such as San Diego, Portland, Oregon and Salt Lake City have dropped more than $200 from peak summer prices, Hopper reported.

For example, round trip tickets to San Diego this fall are around $252, down $230 from earlier in the summer when prices averaged $482 for a round trip.

The trips to Portland and Salt Lake City are down $218 and $201, respectively, from earlier summer prices, according to Hopper.

Denver, Colorado: $203 on average for a round trip, down $154, will likely see a drop in price this fall.