The competition for travel spending is intensifying, and the U.S. is falling behind.
Overseas travel bookings have increased in recent weeks, according to airlines and hotel companies.
With more and more people preferring international sites over domestic ones, this is good news for companies with global services, but a new challenge for airlines, amusement parks, and hotels that are more focused on the domestic market.
The average cost of an international flight is $962, up 26% from 2019 and 10% from last year, according to price monitoring firm Hopper. Domestic flight prices, on the other hand, are down. Round-trip flights within the United States cost an average of $249,
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