With the easing of isolation measures and the gradual reopening of businesses, as stated by the Minister of Tourism, Blendi Klosi, the biggest opportunities are that the summer holidays are not canceled. Given that tourist travel has been discontinued, the question naturally arises as to what the ticket price trend will be after pandemics. Will these holidays be expensive?
The International Air Transport Association (IATA) said (via The Telegraph) that air travel has fallen by 80% in recent weeks and Europe has been hit hard. IATA sets technical standards for airlines, organizes conferences and serves as a way to regulate prices.
One possibility is that flight prices will rise in the wake of pandemics, as airlines may seek to curb or compensate for the loss. A source close to the industry told The Telegraph that "if carriers are forced to keep their social distance, chances are they will only fill half the plane, meaning the cost will increase."
However, there is another possibility that is expected to be more credible: Airlines must keep prices low to encourage demand and attract tourists.
IATA estimates that the number of passengers will decrease by 48% in 2020, compared to the previous year. At this point, we will have price reductions in order for agencies and airlines to attract people, who this year have a more limited budget. According to these data, it is likely that there will be an agreement regarding accommodation in hotels, resorts or rented houses.
