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home / news releases / AIR - CheapOair Reports: Mature Market Travel Shows Signs of Recovery


AIR - CheapOair Reports: Mature Market Travel Shows Signs of Recovery

PR Newswire

NEW YORK , June 8, 2021 /PRNewswire/ -- According to the CDC's latest information, 63.7% of American have now received the COVID-19 vaccine.   Not surprisingly, the highest vaccine adoption levels are in older age groups.  Persons 50-64 index 136 against their representative percent of population for vaccination; 65-74 index 170; and persons 75 and older index 164.  Overall, 86% of persons 65+ have received at least their first dose of the vaccine, and 75% of this demographic group in the USA are now fully vaccinated.

There are also positive indicators that US vaccination levels appear to be contributing to air travel flight booking trends.  According to leading online travel agency CheapOair , flight bookings by passengers 55 years of age and older are trending solidly upward.  The OTA reports a 21% increase in 2021 year to date bookings as a percent of total for persons 55-64, and a significant 70% increase in the same data for seniors 65+.

Glenn Cusano , Co-CEO and CFO of Fareportal, the company behind CheapOair and One Travel comments, "We are watching industry trends, and our own booking data, very closely.  In addition to the mature market numbers, we are also seeing some interesting developments in US Domestic business travel activity. This sector has lagged behind leisure travel all year.  But since early May, business travel numbers have risen to a level on par with Leisure/Non-Family travel.  We're still a long way from where we were in 2019, but it's encouraging to see growth across multiple key areas."

Indicators of a return to travel for seniors, and the business market are fueling increased optimism across the travel industry as the summer travel season arrives in the northern hemisphere.

Please note: Before traveling, be sure to check local regulations and notices for any COVID-related restrictions, rules, and safety guidelines that may be in place. For additional information please visit the CDC website for up-to-date health and wellness information.

About CheapOair

CheapOair is an online travel agency that specializes in providing cheap flights and great last-minute flight deals for travelers worldwide. Consumers can book online, on mobile apps for iOS and Android , by phone, or live chat. Part of Fareportal's family of travel brands, CheapOair bridges the gap between an online travel agency and a traditional agency with travel agents available 7 days a week to help find great prices on flight tickets to global destinations on over 600 airlines, a million hotels, and 100s of car rental companies. Follow CheapOair on Facebook , Twitter , and Instagram for travel inspiration and helpful travel tips.

SOURCE CheapOair

Stock Information

Company Name: AAR Corp.
Stock Symbol: AIR
Market: NYSE
Website: aarcorp.com

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