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“I bought a direct round-trip flight from Shanghai to Bangkok, Thailand, a little over a month ago for 2,500 yuan, but recently the price dropped to just over 1,000 yuan.
"Xiaomin (a pseudonym) sighed to reporters.Data provided by Umetrip to reporters showed that the average airfare from mainland China to Bangkok in the past two weeks (May 8–May 21) was around 1,721 yuan, about 34% lower than during the “May Day” holiday period.Apart from Thailand, airfare to countries such as Japan and South Korea has also dropped significantly.According to the Qunar platform, from May to June, the economy class fare including taxes and fees for direct flights from Shanghai to Osaka is mostly between 700 and 900 yuan, while for direct flights from Beijing to Osaka, it is mostly between 900 and 1,300 yuan; for direct flights from Shanghai to Seoul, it is mostly between 700 and 800 yuan, and for direct flights from Beijing to Seoul, it is mostly between 800 and 1,000 yuan.
Ticket price reductions may largely be related to declining travel demand and increased flight supply.
International flights have gradually resumed, and the number of flights from China to Bangkok has increased several times, resulting in a severe oversupply. Meanwhile, May and June are off-peak seasons for travel, leading to a decline in demand.Capital Airlines’ Vice President of Marketing, Xiao Lin, said to Time Weekly.In addition, apart from May 12, there are also many flight tickets from Guangzhou to Bangkok priced at just a few dozen yuan.
According to Thai media reports, it is expected that starting from June, the number of flights from China to Thailand will increase from over 100 per week to 400–500 per week.Additionally, recent frequent safety incidents in overseas travel may somewhat affect travelers’ demand.
However, after the travel off-season in May and June passes, airfares will rebound.Xiao Peng, a researcher at Qunar Big Data Research Institute, said: “The rapid recovery of domestic travel demand has driven up airfare prices, making air travel once again the largest expenditure item in travel consumption.Based on search volume on the Qunar platform, there are still a large number of travelers with travel demand who were unable to travel during the May Day holiday, which means that ticket prices will not drop significantly on the eve of the Dragon Boat Festival, summer vacation, and National Day holiday.”
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