Lower oil prices and increased capacity keep airfares in check

CHICAGO, June 23, 2015 – Average economy airfares for both intercontinental and regional travel will fall in almost every region in 2015, according to travel consultancy Advito’s update to their annual Industry Forecast. Lower oil prices are encouraging airlines to grow capacity, but demand growth has not kept pace. Airlines have responded by making more lower…

Solid growth in air and hotel demand to continue in 2015

Advito publishes updated 2015 Industry Forecast CHICAGO, March 24, 2015 – Lower oil prices are providing a boost to economic activity and should encourage some airlines to grow capacity and keep fares in check, according to travel consultancy Advito’s update to their annual Industry Forecast. Some airlines in Asia have responded by eliminating fuel surcharges…