The last couple of years have been a whirlwind for private jet travel. In the early days of the pandemic, demand for private charters spiked and have remained strong ever since. What does the state of private jet travel look like in 2022?
Since the beginning of the year, consumers’ thirst for private flight options remains unquenched. With more first-time private jet fliers, the return of corporate travel, and a rebound for the travel industry at large, demand is expected to remain steady – even in the face of inflation and higher fuel costs.
Here’s a closer look at three trends in private jet travel that we expect will last through 2022:
Fluctuating Prices Based on Market Demand for Private Flights
The charter jet market has always been susceptible to demand-based pricing. However, given the increase in demand over the last two years and the shorter travel planning windows that more people seem to prefer these days, variable pricing will become less predictable.
When you charter a private flight for a one-off trip, the operator prices the trip according to the current market conditions. Supply is limited when demand is high, which drives up the total cost of your charter while reducing the number of aircraft choices.
However, the flexibility of on-demand private jet charter can help to offset the unpredictable pricing. Travelers don’t have to commit to a trip months in advance and have more leeway in adjusting their plans before they book if something changes. There’s no commitment to a certain number of miles or trips, as is the case with jet cards and memberships. Working with a jet charter broker gives you access to more aircraft and pricing options to help you overcome the variable pricing challenges.
Long-Range Flights to Dominate Leisure Travel
For months, international travel or long-distance trips were off the table due to the pandemic. Travelers were warned to stay close to home. Many countries closed their borders to international travelers. Ex-pats were encouraged to repatriate.
However, the wanderlust for travelers never waned. If anything, the urge to see the world grew multifold. Access Jet Group has seen a record number of travelers seeking long-range flights in the last several months. We expect to see this trend continue as more travelers make up for lost time and take advantage of opportunities to travel.
Long-range trips call for long-range aircraft or multiple stops to complete the route. A push for long-range travel could offer benefits to travelers making shorter trips in terms of aircraft availability and demand-based pricing.
An increased focus on sustainable travel options
With fuel costs reaching record highs, the threat of global warming, and the ongoing impacts of supply chain uncertainty, there’s been a renewed focus on sustainability in travel. More consumers are becoming more aware of their environmental impact and demand more transparency into how their travel choices affect the environment.
At Access Jet Group, we cater to our environmentally conscious clients by sharing our approach to long-term sustainability. We expect transparency from the operators we partner with in terms of measuring flight emissions and how they’re infusing sustainability into their operations. We also research the latest developments in aviation technology that contribute to fuel-efficient aircraft and other improvements.
In many ways, private jet charters are inherently more eco-friendly compared to commercial flights. Each flight is specifically chartered instead of running according to a pre-determined schedule. They create less waste onboard due to the limited number of passengers. Since they operate according to the individual’s desired itinerary, there’s less time spent in airports, helping to reduce the traveler’s overall carbon footprint. Aircraft are also smaller and more cost-effective to operate and can use smaller airports instead of relying on larger commercial airports.
As more travelers make their plans with sustainability in mind, we expect private jet travel to maintain its place as a desirable option.
Access Jet Group helps you stay up to date on the current state of private aviation. As a jet charter broker, we connect you with more than 7,000 aircraft and operators to help you travel freely. Contact us our team today and start planning your next adventure.
