Anyone who has been watching travel costs and deep discount deals recently, in the US for example in New York and Vegas, knows this anecdotally — but US travel spend fell at a 22% annualized rate in 4Q08. Ouch. But great for bargain hunting.
It seems like, as far as deals go (and it’s a great time to Priceline!), it’s 2002 all over again!
No surprise that United and American are offering a double elite qualifying miles promo through mid-June. There will certainly be more bonus promos to come.