Jesse from Dollar Flight Club! I'm here to discuss the future of travel post COVID-19! AMA!
Jesse here, Founder at Dollar Flight Club! Not to be confused with Dollar 'Fight' Club...not supposed to talk about that anyway since that's rule #1 of fight club :)
We recently released an industry report about the future of the Airfare industry in the post coronavirus world. It's been widely covered by the press over the last couple of weeks and we've been getting tons of questions about it, so thought Reddit would be a great place to answer them. I'm relatively new to Reddit and excited to be here to share/discuss the future of travel post COVID-19 with everyone.
Background on Company:
We help over 1 million members travel more and save $$$ on international and domestic flights. Dollar Flight Club has been around for more than 3 years and here's some proof that a few people find what we do and say useful :) Recent Media: CNN, Conde Nast Traveler, AFAR Magazine Forbes, Fodors, and The Points Guy to name a few.
Our team focuses on international and domestic flight deals from and within the United States. We also serve international deals from departure airports in Europe, South America, and Australia.
Proof it's me: https://twitter.com/DollarFlights/status/1258552639748370432
Late last month, we put together detailed studies on the COVID-19 impact on the airline industry and airfare prices based on data from post 9/11 and the Great Recession as well as the Impact on Consumer Travel Demand where we surveyed 20,000 of our 1 million members.
Here are some high-level takeaways:
- Airfare prices will decrease by 35% on average through 2021 and then sharply increase 27% on average (above 2019 levels) through 2025 as demand rebounds.
- Two major US carriers will merge in 2021, further consolidating control of the market.
- Even though facing fewer flight options, travelers will benefit from less flight delays and cancellations.
- Over 40% of travelers will only travel domestically through the end of 2020 due to the outbreak.
- The #1 domestic destination for Christmas/NYE travel is Hawaii.
- The #1 international destination for Christmas/NYE travel is Paris.
- much more...
Before we get started, I want to make it clear that I'm definitely not here to condone travel until it's absolutely safe to do so. Rather, I'm here to discuss the future of travel or anything travel-related you have on your mind.
I can’t wait to answer your questions on the studies and discuss live with the help of my Dollar Flight Club team, starting around 10am PST!
QUICK UPDATE at 2pm PST! - Loving all these questions and comments coming in! Thanks to everyone for chiming in here. Taking a 10 minute snack and coffee break and I'll be back. Keep the questions coming travel friends...
UPDATE at 3pm PST! - Still at it! Keep those questions coming. Just made myself an Espresso shot or 3 to keep cranking through these. If you have any questions about finding cheap flights as well, let me know... I'll be here for a while answering!
UPDATE at 4pm PST! - You guys are the best! Travel is my passion and discussing it with you all is giving me hope for the future of the industry. Please keep it coming! Would also love to hear the best deals you've ever booked :)
UPDATE at 4:30pm PST! - Still here answering all your questions! Would also love to hear the best deals you've ever booked :)
UPDATE at 5:20pm PST! - taking a 10 minute coffee break and so my typing fingers don't die on me. Keep the questions coming! I'll BRB friends.
UPDATE at 5:30pm PST! - back and caffeinated! Keep the questions coming...
UPDATE at 6pm PST! - taking a quick dinner break! Be back in a few to answer more questions. Don't worry, I'm working my way through them all :)
UPDATE at 7pm PST! - Back from dinner and ready to answer more questions! I'll be here for the next few hours
UPDATE at 8pm PST! - Still here answering away! I'll be here for the next hour or so. If I don't get to your question tonight, I'll be back on the morning to finish up! Thank-you so much everyone!
UPDATE at 8:30pm PST! - Logging off to get some sleep and to rest these typing fingers. I'll be back in the morning to answer any questions I didn't get to today or any new ones that come in! Thank-you everyone for joining me!
UPDATE at 9:45am PST! - Back online this morning to finish up answering your questions! Got some rest and some coffee in hand.
UPDATE at 11:30am PST! - Thank-you to everyone who joined us over the past few days! Time to log off for me. It was loads of fun! If you ever need anything or have any questions, feel free to shoot me a message.