For the third year on the bounce, there will be no summer trip overseas for average holidaymakers in the country.
No thanks to the current foreign exchange liquidity problem that has further raised airfares by at least 200 percent and regular Economy Class tickets above the N1 million mark.?
Results show that foreign airlines are just as hard-pressed by severe economic facts as their Nigerian customers that have been looking forth to the season. Quite a various airlines that had earlier placed capacity in readiness for the summer peak period are now deploying backend-pricing mechanisms to weather the effects of the forex crisis, always passing the cost to consumers.?
Travel agencies were not unified on the extent of the attendant dip in demand among regular travelers. Undisputed, nonetheless, was the upward movement in prices, yet with stability in patronage, especially among die-hard holidaymakers that would not mind rising costs.?
Emerging from two years of pandemic disturbances, the world is fully reopening to summer travels this year. Moreover the violent scenes at major airports in Europe and America over staff depletion, there is another disincentive for summer travelers in Nigeria – increased airfare.?
The analysis of booking platforms of major airlines showed a major stake in available tickets to European, the United States, and Canadian routes among other holiday destinations. On the platforms are the traditional least airfares quoted, though not available for purchase.?