Advanced booking by passengers travelling on airlines has declined 50% due to a big increase in bargains and competitive prices. A senior airline executive said while airlines have reduced their economy fares in most sectors, passengers are still looking for more bargains before booking their summer travel plans.
Most airlines have implemented a dynamic pricing policy giving passengers a lower fare on weekdays than on the weekends. Passengers understand the fare will vary depending on demand, and they monitor the airlines website. Al Rais Travel senior manager explained the new trend: “Because of the general economic condition people have become cautious and are delaying the buying of tickets. The new trend, unlike the previous years, is that people are buying tickets closer to the date of travel.”
