People Are Paying Up For Travel 9/11/26

Summary

CNBC's Jessica Ettinger reports that travel prices remain elevated, with average hotel rates around $500 and airfare over $1,000. Chase Travel CEO Jason Wynn says consumers are still resilient and unwilling to give up trips despite higher prices. Fall discounts for flights to Europe and Asia have narrowed compared with prior years.

• Travel prices are much higher than last year.
• Average Labor Day hotel rate was $500 and airfare over $1,000.
• Jason Wynn says consumers remain resilient despite price increases.
• Travelers are seeking bargains but not sacrificing trips.
• Fall flights to Europe and Asia are about 20% cheaper than summer.
• Those fall discounts are smaller than in prior years.
• The segment directs viewers to CNBC.com for more on fall travel costs.