The Insight Files
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The Insight Files
Consumer trends and news curated by Tourism Australia
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The outlook for global airfares and hotel rates in 2016

The outlook for global airfares and hotel rates in 2016 | The Insight Files | Scoop.it

The increased worth of the U.S. dollar during the past year has already shown early signs of impacting travel and will continue to help raise travel costs in many parts of the world through 2016. According to a survey done by the Global Business Travel Association and corporate travel giant Carlson Wagonlit Travel, airfares and average daily rates will see larger growth in Latin American, North America and Asia Pacific than in Europe due to the latter's currency deflation and several countries in the other three regions seeing economic gains. This article includes eight charts from the report outlining projections travellers can expect to see play out as they search for both business and leisure travel for next year.

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Signs continue to point north for airline ancillaries

Signs continue to point north for airline ancillaries | The Insight Files | Scoop.it
Top airlines are reaping average revenue of more than $40 per passenger for ancillaries according to figures in the Airline Ancillary Revenue annual survey
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Air and hotel rates forecast to rise in 2015

Air and hotel rates forecast to rise in 2015 | The Insight Files | Scoop.it

Travel consultancy Advito has released new research forecasting a slight increase in airfares in North America and Europe for 2015, as well as an increase in hotel rates. In comparison, a slight decrease in airfares is predicted for the Asia-Pacific and African regions, largely driven by competition among low-cost carriers. Economic recovery is pushing hotel rates higher in North America, Africa and Europe, but rate outlooks are lower in the Middle East due to the growing number of suppliers there, and in the Southwest Pacific, where demand has not met expectations. While the global economy is slowly improving, a sharp change in the fortunes of key emerging markets, like China and Russia could disrupt the broadly stable global outlook. Click here to find out more.

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