As per Ixigi that is an AI-based provider of travel services, the trend of higher airfares in the range of 10-30% vigilant on major metro network that includes Delhi-Mumbai, Delhi-Chennai, Mumbai-Ahmedabad, Delhi-Hyderabad seen just 2-weeks before Holi may likely reverse. This is amid travel fervor that is slowing amid coronavirus outbreak and economic downturn.
But as per the data from Ixigo suggest that in comparison to current prices, this time around, airfares across routes including Mumbai-Bengaluru, Mumbai-Kolkata, Bengaluru-Chennai, New Delhi-Chennai and New Delhi-Kolkata routes are lower by 7-41%.
Also, as there are seen worries around the coronavirus outbreak, airfares have seen a decline of as much as 40% to some of the popular destinations. Also, as per COO, Yatra.com there is witnessed a decline of 52% in booking enquiries as compared to last year.
On Slump In Oil Price, Last Minute Booking See 20-25% Price Decline
On Monday, crude price which cracked the most since 1991 globally have resulted a latest trend in travel booking as part of which last minute booking offer 20-25% discount due to a cut back in oil prices. Also, airlines are not considering hike at the moment in air fares as they discount high slump in domestic demand post Holi festivity.
So, even as the current prices are on the higher side, you can book Mumbai-Delhi and Bengaluru-Chennai flight for just Rs. 3333 and Rs. 2439 per person as of now.