People are settling back into their usual travel spending habits after a post-pandemic ‘revenge travel’ surge, the latest SpendTrend24 report, compiled by Discovery Bank and Visa. Consumer spend data in 14 emerging and developed market cities and insights spanning over 60 million credit cards, show rising prices in the travel industry – especially in emerging markets like South Africa – mean that spend on travel is increasing – but there are ways to save and travel more. Take a look at some facts that may spark your wanderlust.
Rewards enabled Discovery Bank clients to spend more on travel compared with the average South African. By using their credit cards, they benefitted significantly from the value of rewards. In 2023, Discovery Bank clients saved over R670 million on discounted flights, car hire and accommodation through Vitality Travel.
On main routes, prices are mainly affected by demand, which means travelers often pay much more to travel on popular days.
There are some days that are cheaper to travel on than others. Travelling from Johannesburg to Cape Town is still the most popular route and is usually cheaper on a Saturday and the most expensive on a Sunday, with an average price difference of over 32%. On other flight routes, the cost difference between two days can be as much as 45%. So, where possible, being flexible will give you the chance to get the best price.
The research shows early or later flights are generally cheaper. From Johannesburg to Cape Town, based on time, the cheapest flight is on a Sunday at 05:00. While extremely early, it may give you more ‘bleisure time’. It’s no surprise that flights around 16:00 on a Friday cost more – demand boosts prices. From Cape Town to Johannesburg, on the other hand, the cheapest time to fly is Wednesday at 21:00 and the most expensive time is Sunday at 12:00. There are similar trends on all major routes, so with a little research, it’s possible to match your schedule to the flight time that works for you and your wallet.
As a member with Vitality Health, you get between 10% and 25% off your flights with the Ðiscovery Account. Boost that up to 75% with Discovery Bank and Vitality Money. If you are a Discovery Bank client only (without Vitality Health), you can save between 10% and 50%.
As a member with Vitality (Health), you get 25% off at local Vitality Holiday accommodation partners. If you are a Discovery Bank client only (Without Vitality Health), you can save between 10% and 25%. Get access to millions of non-discounted local and international listings on Vitality Travel and have the option of paying with your Discovery Miles and having all your bookings in one place.
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