00:00Thinking about a summer getaway, it's about to cost you a lot more.
00:04Summer travel typically is already elevated in terms of the cost,
00:07and we're seeing a significant increase largely because of the price of jet fuel.
00:13New data from the PointSkype shows domestic flights are already up nearly 15%,
00:17and some international trips up more than 20% compared to last year.
00:22Bear in mind, that's as of right now.
00:24The longer that this continues, that could continue to increase significantly.
00:28That means what used to be a $250 round-trip flight could now run closer to $300.
00:34And for a family of four, that adds up fast.
00:37And it's not just airfare.
00:38Rising fuel costs are pushing up rental cars, ride shares, even baggage fees.
00:42A lot of people are having to look at this and say,
00:45is this really worth incurring these extra costs?
00:47Or do we maybe pause on doing a vacation and look to recreate our trip maybe next year?
00:53And with major events like the World Cup bringing crowds to U.S. cities this summer,
00:57expect even steeper prices.
00:59So if you are traveling to one of those cities in June or July,
01:03you will likely see some increased prices,
01:06especially around not just flights, but hotel accommodations as well.
01:10If you are planning to travel, timing and strategy matter more than ever.
01:14You have to be proactive right now.
01:16Stay on top of those reservations.
01:18Make sure once you have booked, you enable alerts.
01:21Bottom line, higher fuel costs are hitting every part of your trip.
01:25So if you're planning to travel, expect to pay more and plan ahead.
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