Tour Operators Consider Adding Fuel Surcharges to the Price of Trips
Photo Credit: A worker fueling a jet Getty Images
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Tour operators will try to avoid adding fuel surcharges to their trips for as long as possible. They're aware that making their trips more expensive could put a dent in their recovery because consumers will only tolerate higher prices to a certain extent.
The rising price of oil is threatening the travel industry's rebound, with the increase causing airlines to pass their surging fuel bills on to consumers as well as forcing U.S. travelers to alter their summer vacation plans.
It's also making tour operators ponder increasing the price of their trips to compensate for booming fuel expenses, which companies that still haven't fully recovered from the pandemic are hesitant to do to avoid denting travel demand.
"When costs rise, prices also need to rise," said Mike James, the global head of products and operations at Exodus Travels. "And while the cost of fuel is the most obvious, we are hearing about wider energy costs, food costs, and other goods possibly having extr
